Showing posts with label #LegalEducation. Show all posts
Showing posts with label #LegalEducation. Show all posts

Monday, September 14, 2026



 

LANDLORD VS. TENANT: WHO IS RESPONSIBLE FOR REPAIRS?

Understanding the Legal Responsibility for Repairs and Maintenance of Rented Premises in Nigeria

One of the most common sources of disagreement between landlords and tenants is the question of who should pay for repairs when something goes wrong in a rented property.

Thursday, August 13, 2026

Personal Guarantees in Commercial Transactions : Rights, Duties and Liabilities of Guarantors Under Nigerian Law.



PERSONAL GUARANTEES IN COMMERCIAL TRANSACTIONS: RIGHTS, DUTIES AND LIABILITIES OF GUARANTORS UNDER NIGERIAN LAW

Introduction

Personal guarantees are common in commercial transactions, particularly in bank loans, business financing, commercial leases and credit arrangements. A creditor may require an individual, often a director, shareholder, business owner or associate of the principal debtor, to personally guarantee the obligations of another person or company.

Although signing a guarantee may appear to be a mere formality, it can create significant personal financial liability.

A guarantor is a person who undertakes to answer for the debt, default or obligation of another person, known as the principal debtor, in favour of the creditor.