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Escaping a Suretyship
What is a Suretyship? A suretyship is an accessory contract. This means that it is a security held over a primary debt or obligation. Entering into a suretyship agreement is commonplace in South Africa. Suretyships are generally very onerous contracts. Whilst one is usually signing a Suretyship as a natural person, the Surety is only…
