Default Judgement
Date: Tue, 02/07/2006 - 19:49
Personal Guarantee
The reason I was being sued is because I stupidly helped a friend out by signing a sporting goods contract in which he needed two signatures for... I did not realize I was signing a personal gaurantee otherwise I would have not signed the paper. What really hurts here is that said friend is no where to be found so the have found me Default Judgement against me for the whole amount. I never got any benefit or even worked with this product but now I am looking at having to pay for it and their lawyers costs. urrrghhhh
I am sorry but you made a mistake by not reading the contract be
I am sorry but you made a mistake by not reading the contract before signing it along with your friend. I guess your friend might have been aware of this paperwork but he hid this fact from you. Now, the company knows that you have acknowledged the agreement and since they are not able to find the person, they are considering you guilty here.
I guess, you should look for some attorney that can try to settle the matter outside the court with the party. If the matter is taken to the court, you will have a very rare chance of winning the case unless anything magical happens (if your friend appears at the court).
Your lawyer should try to make a deal with the sports good company and settle the matter completely. At the end, lesson learnt for all of us - 'never sign any paper with closed eyes.'