I signed a personal guarantee. What am I actually on the hook for?
What a personal guarantee actually covers, how continuing guarantees keep growing, and the one signing step Alberta requires that Ontario does not.
Topic
Contract law
Plain-language answers on contract law, written from primary sources.
Answers
Is a handshake or verbal agreement legally enforceable in Alberta?
The statutory basis for oral contracts in Alberta, what happens when a written contract and a verbal promise conflict, and why proof decides it.
Can a text message, email, or emoji create a binding contract or signature?
What counts as an electronic signature in Ontario and Alberta, and the intent test that decides when a casual message binds you.
What makes a contract legally binding in Canada?
Who can legally enter a contract, when one must be in writing, and why contracts formed electronically are valid in Ontario and Alberta.