GAJU v. ACCESS BANK
Gaju Cynthia was not expressly informed or notified of the second loan of 12,000,000Frw; therefore, she cannot be held liable as guarantor for that debt, nor can her matrimonial house be considered as security for it. The bank failed its legal obligation to inform the surety, and liability remains solely with the principal debtor, Twagira Azzy.
Source excerpt
- Suretyship
- Guarantor notification
- Mortgage liability
- Damages for litigation
- Counsel fees