REG- Question about Surety vs. Guaranty

This topic has 3 replies, 3 voices, and was last updated 9 years, 8 months ago by CPAchronicles.

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August 23, 2014 at 5:26 pm #188065

CPAchronicles
Member

Hi,

I am using BECKER and the mnemonic for contracts in writing is “MYLEGS” whats confusing to me is I know (s) sureties must have contracts in writing but do guaranty contracts have to be in writing as well?

Thanks!!

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August 23, 2014 at 5:31 pm #588946

TigerWoods
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Yes

August 23, 2014 at 6:16 pm #588947

leglock
Participant

oops , didn't see it was already answered

August 23, 2014 at 6:37 pm #588948

CPAchronicles
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thanks!
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