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Canadian Legal Forms > Guarantees > Guarantee of Specific Debts
Guarantee of Specific Debts
The Guarantee of Specific Debts form provides for a guarantor for the repayment of a specific debt. This guarantor is, in effect, a co-signer for a specific obligation of a borrower to a lender. The guarantor agrees that if any of the payments are late or not paid, they will make the payments. The guarantor also agrees that the guarantee may be enforced without having to first sue the borrower for defaulting on the debt. A mere default by the borrower without any court action will suffice to require the guarantor to make good on the obligation.
See form: Guarantee of Specific Debts
Note: Some forms not suitable for use in the province of Quebec. Check form details.
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