Questions & Answers
What rights and possibilities does the beneficiary have against the guarantor?
What is the enforcement process of a personal suretyship?
My maid agreed in writing to be the guarantor of a private loan (AED 10,000 + AED 2,000 interest fees) for a principal debtor against the beneficiary.
The principal debtor left the country and is not available. What rights and possibilities does the beneficiary have against the guarantor?
Dear questioner,
There are two types of guarantee; attendance guarantee and payment guarantee.
If she agreed to an attendance guarantee, they will execute a travel ban on her.
If she agreed to a payment guarantee, she will have to pay the amount, or else, they will file a case against her.
If you need any further information or legal assistance, do not hesitate to contact us via phone, WhatsApp, or email.
Regards,
