read the following scenario then draft a suretyship agreement. Anna is a successful businesswoman. Anna...
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Accounting
read the following scenario then draft a suretyship agreement.
Anna is a successful businesswoman. Anna enjoys the benefits of owning a commercial enterprise by accessing loans and other benefits which come with setting up an entity. Because of the nature of Anna s business (Private company), her creditors require that someone else stand in the gap just in case Anna fails to pay some of her creditors. Anna's best friend Patricia is a multimillionaire and has agreed to "shield" her friend from all of her debts. however, one of Anna's s creditors (Peach CC) has asked that this whole arrangement be put in writing.
instruction:
Assist the parties, while setting out clearly which party does which function by drafting a suretyship agreement to that effect. your contact may not exceed 3 pages. All requirements for a valid contract need to be complied with
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