Originally Posted by
Sorry Dog
Any business standard, really?
In finance, most large loans and /or large deals have a guarantor written into the contract to give the counter parties some recourse in event of default.
Just to add to other replies already posted.
If your statement would be correct, there would be a very low number of loans! By the way, should it be correct, how do you explain September 2008 finance crisis and all these large, well managed US banks going burst?