Guarantee (Suretyship)

Standing in for another person's debt.

With a guarantee, you undertake to stand in for another person's debt if that person does not pay. The guarantee must be in written form. A guarantee that grossly overburdens the guarantor financially can be void as contrary to public policy.

The relevant statutes

§ 765 BGB

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Related terms

Joint and Several Debtors
Damages

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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.