A Lender’s Guaranty from the Settlor/Trustee of a Trust on a Purchase Money Loan to the Trust was held Unenforceable as a Sham Guaranty
May 9, 2023by Lisa D. Simantob, Esq.
The Court held that a lender’s guaranty from the settlor/trustee of the Trust on a purchase money loan to the trust was unenforceable as a sham guaranty.
