tiktok³ÉÈË°æ

Statute of Frauds 1677: Section 4 requires guarantees to be in writing and signed by the guarantor or their authorized representative to be legally enforceable

Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of the guarantee and their rights under the contract

Unfair Contract Terms Act 1977: Regulates the use and enforcement of exclusion and limitation clauses in business-to-business contracts

Consumer Rights Act 2015: Relevant if one party might be acting as a consumer rather than a business, providing additional protections

Common Law - Consideration: Legal principles regarding the requirement for consideration in contract formation and guarantees

Common Law - Contractual Interpretation: Principles governing how courts interpret and construe contractual terms and guarantees

Common Law - Undue Influence: Doctrine protecting guarantors from guarantees given under undue influence or pressure

Common Law - Misrepresentation: Rules regarding false statements or representations that induced the guarantee

Limitation Act 1980: Sets statutory time limits for bringing claims under the guarantee

Companies Act 2006: Relevant for corporate guarantors, addressing issues of corporate capacity and authority to give guarantees

Financial Services and Markets Act 2000: Applicable if the guarantee relates to regulated financial activities or services

Insolvency Act 1986: Contains provisions affecting guarantees in situations of insolvency or bankruptcy