Written by attorney Lawrence Andrew Mudgett III

Re: "Top 5 Things to Know Before Signing A Personal Guarantee" posted by Elliott Stone 9/14/2010

Under California law, personal guarantees are freely assignable. Attorney Stones' article, which has been regurgitated over the internet by other attorneys and bloggers claiming "a [CA] personal guarantee is only enforceable as between the original parties signing the contract" is 100% wrong.

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