In simple terms, a personal guarantee is a guarantee under which an individual agrees to be responsible for the financial obligations of a borrower or debtor to a lender, in the event that the borrower or debtor fails to pay an amount owing to the Lender.
This publication covers the concepts relevant to a contract of guarantee and the principles that surround making a demand against a personal guarantor.
![](/getmedia/d6d7c082-8489-4ad3-8154-71830646f32f/Enforcing-Against-a-Personal-Guarantor-003-1_1.jpg?width=689&height=976)
This publication covers the concepts relevant to a contract of guarantee and the principles that surround making a demand against a personal guarantor.
![](/getmedia/d6d7c082-8489-4ad3-8154-71830646f32f/Enforcing-Against-a-Personal-Guarantor-003-1_1.jpg?width=689&height=976)