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Oct 13, 2010continuing suretyshiploan renewalcredit facilitysurety liabilitysecurity bankcommercial law
Continuing Suretyship Scope and Enforceability in Loan Renewals
Philippine Supreme Court ruling on whether a continuing suretyship covers renewed credit facilities and subsequent loan availments.
Continuing Suretyship Scope and Enforceability in Loan Renewals
Philippine Supreme Court clarifies that a continuing suretyship covers loan renewals and future availments under the same credit agreement.