Guarantor Liable For Full Indemnification When Federal Court Finds Guaranty Titled “Conditional” Is “Unconditional”

LexisNexis (August 20, 2021, 11:54 AM EDT) -- By definition, guarantors in financing transactions are risk takers. But the degree of risk assumed can be controlled depending on the terms of the guaranty. Attempts at dodging the obligations in a guaranty titled “conditional” are likely to be futile when the terms create an “unconditional” guaranty....