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How to cancel the guarantee after divorce

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How to cancel the guarantee after divorce


        

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  • 2024-06-15 11:01:48

    Divorce and cancellation of guarantee are not necessarily related. The guarantee liability cannot be discharged unilaterally, and it needs the consent of all parties. Divorce does not need to worry about the issue of guarantee. Only in case of default can the interests of the guarantor be affected.

    Legal basis

    Article 562 of the Civil Code of the People's Republic of China [Termination of contract] The parties may terminate the contract if they reach consensus through consultation.
    The parties may agree on the reasons why one party terminates the contract. When the cause for terminating the contract occurs, the person with the right to terminate the contract may terminate the contract.

    Article 681 of the Civil Code of the People's Republic of China [Definition of a suretyship contract] A suretyship contract is a contract to guarantee the realization of a creditor's right. The surety and the creditor agree that when the debtor fails to perform its due debts or the circumstances agreed by the parties occur, the surety will perform its debts or assume liabilities.

    No***

    2024-06-15 11:01:48

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