The only way to rebut that you surety to the straw man is to give public notice?

by | Apr 22, 2008 | 2008, Q&A | 0 comments

Q: The only way you can rebut their presumption that you are surety is to notice them with the FS [UCC Financial Statement Filing?]; yet you cannot operate in commerce so the strawman operates for you and files the FS. So, it is the SP [Secured party] which files the claim against the SD [Secured Debtor].


A: As above yes the SP files against the SD but only in accordance to the terms within the SA. However the SP is not the SD (the strawman).

Morbi in sem quis dui placerat ornare.

Pellentesque odio nisi, euismod in, pharetra a, ultricies in, diam. Sed arcu. Cras consequat.

Subscription Form

Related Posts.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *