Is a personal guaranty of commercial loan a legal contract?

To lack consideration, the lender must have done nothing new for you in exchange for the guaranty. If the lender gave you nothing, why would you...

I was fired for performance. Can I make my employer pay out my vacation (annual leave) balance?

In most states, vacation time is accrued as an asset of the employee and the employee cannot be deprived of it. If this is true, the handbook...

I worked 11 years for my current employer and was on salary and they just changed me to hourly but also informed me that the 2 w

In most states, vacation time is accrued as an asset of the employee and the employee cannot be deprived of it. Go to...

I have over 160k in credit card debt! Personal/business. Cash adv & purchases. I stopped using my credit in August '10.

Another Option: Google "credit card help debt." These companies take debtors that are far behind and go to the CC companies and negotiate a...

We are forming our LLC. For our operating agreement, should I delete my business partner as President.

No, do not delete her for that reason. The IRS generally does not pay attention to titles in imposing taxes. The selfemployment tax is imposed on...

Securities

I assume your “contacts” were the filing of Form D and the notice of Limited Offering. If so you are off to a good start to the issuer phase of...

Is it necessary to trademark a small business name?

Probably not. Those folks have commonlaw rights to use the mark in the markets where they are now using it. Unlike a patent, you cannot use a...

Do I sign a waiver of subrogation and cooperation agreement from claimant's auto insurance company?

Why would you ask for an Avvo answer when you have your insurance company to ask? We can't see and review the document that they are asking you to...

Restrictive covenant building a home

What is your interest in this matter? Are you a neighbor, a regulator or an ex-spouse? I don't see any noncompliance. Covenant says it must be a...

Selected as the best answer

Depends on what your Agmt says. The mere fact that the corp has 10,000 shares authorized does not authorize them to issue more shares, thereby...