Quote:
Originally posted by sebastian_dangerfield
But if they smack your credit without basis, they are open to a lawsuit. In a past life, I sued banks for doing exactly what you suggest they're doing in the corp context. The bank would say "Fuck you... we didn't know. We relied on the guarantee." Then we'd litigate over whether they did proper due diligence to find out.
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Find out what? she made a guarentee. that he turned out to be unworthy of the guarentee is the very possibility that caused the bank to ask for the guarentee.
