Recently, in the case of Emerald Portfolio, LLC v. Outer Banks/Kinnakeet Associates, LLC, the North Carolina Court of Appeals issued an opinion that reaffirms the independent nature of personal ...

The negotiations and due diligence are over. You are at the closing table, in a hurry, and staring at a stack of form loan documents. When you come to the personal guaranty, you pause and consider ...

In a perfect world, everyone would meet lenders' requirements when applying for a mortgage. In reality, many applicants have a minor blemish on their credit record that may disqualify them from the ...

In a case decided at the end of August, the Massachusetts Court of Appeals had the opportunity to address when the statute of limitations expires with respect to the enforcement of a guaranty. In JB ...

A promissory note is a formal lending document that outlines the terms of a loan agreement and confirms the borrower's commitment to repayment. Promissory notes should contain the parties involved, ...

How to Account for a Promissory Note. A promissory note is a note issued against short- or long-term borrowing. The borrower, or maker, signs a note promising to pay the lender an agreed sum plus ...

Adam Barone is an award-winning journalist and the proprietor of ContentOven.com. He has 5+ years of experience as a content strategist/editor. Suzanne is a content marketer, writer, and fact-checker.

Cash might be considered king, but it isn’t realistic to pay cash for every purchase in your life, such as buying a home or car or paying for a large renovation project. Those are all instances when ...