Tuesday, November 6, 2007

How To Make A Monster Energy Cake

The distinction between collateral and personal guarantees


Under French law, there are two types of collateral: the collateral and personal guarantees.

  1. Collateral are to assign one or more properties belonging to the debtor as collateral for a bond (lien, pledge, mortgage)
  2. As for personal guarantees, this is the third commitment to pay in lieu of the debtor if he fails (bond , independent guarantee, letter of intent).

It is the latter that we develop online.

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