Commercial Collection Credit Management Creditors Debtor 
The McHughes Law Firm
JUNE 22, 2016
It is a prudent credit manager that attempts to obtain personal guarantees from the principals of an incorporated entity to which credit is being extended. Therefore, when drafting a personal guarantee, a creditor should specify that the guarantee is one of payment. Lubitz, Esq., When Should the Guarantee be Obtained?
Jimerson Firm
JULY 30, 2020
Therefore, if the written guaranty limits the liability of the guarantor to a sum certain, unless otherwise set forth in the guaranty, the sum certain in the guaranty represents the guarantor’s aggregate liability and is not offset by the debtor’s payments to the creditor. Bryan, 384 So. 2d 1323, 1324 n.3 2d 1192, 1193 (Fla.
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