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CREDIT GUARANTEE
📃 According to the legislation, suretyship is considered to be the responsibility of another person to his creditor for full or partial fulfillment of his obligations under the contract.
❗️Unless otherwise stipulated in the guaranty contract, the guarantor is liable to the creditor in the same amount as the debtor, including paying interest, court costs for debt recovery and due to the debtor's failure to fulfill his obligations, the creditor (the lending bank ) is obliged to pay many other damages as well.