Guaranty and Suretyship Law – Whether an Individual May Avoid Obligations Under a Personal Guaranty Contract When a Company Converts to a Different Organizational Form

Wasserberg v. Flooring Servs. of Tex., LLC, 376 S.W.3d 202 (Tex. App.—Houston [14th Dist.] 2012, no pet. h.)

2012 Fall_Dobbins_Note_Wasserberg v Flooring Servs of Tx.pdf

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Corporate Formation Doctrine That Affidavits by Guarantors Affirm The Guaranty Doctrine That Conversion of An Entity Does Not Extinguish Guaranty Contracts Doctrine That Express Language Is Not Required For Enforcement of a Guaranty Doctrine That a Guarantor Cannot Escape Liability by Entity Changing Name Or Form Guaranty Contract Enforceability Standard Guaranty Contract Test (Existence, Terms, Conditions, Failure to Perform)Guaranty Law Personal Guaranty Contract Principle of Succession Or Assignment of a Guaranty Strict Construction of Contract Terms Standard Strictissimi Juris (Strict Construction Doctrine)Suretyship Law Tex. Bus. Orgs. Code Ann. § 10.103 Tex. Bus. Orgs. Code Ann. § 10.106 Texas Business Organization Code