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Doctor Credit

A customer signed a personal guaranty we provided but added his title, President, below his signature. I think this is a problem. The V.P. of Sales says I am being too fussy. What do you think?

Answer: I agree with you. I have been told that adding a title suggests that the signer is not fully aware that he or she is personally liable for the debt and this could make the guaranty unenforceable.

 
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