Expiration clauses in a guaranty are used to limit liability the guarantor can incur. They place a temporal limitation on what would otherwise be a guarantee of unlimited duration. As discussed below, guarantors can still be exposed to liability for continuing or future obligations under the guaranty, even past the date of an expiration clause, where the obligation was incurred prior to the expiration of the guaranty. Louis Dreyfus Energy Corp. v MG Refining and Marketing, Inc. The Court of…
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Leclair Leads College Class in Discussion of Legal Ethics
Paul Leclair was a guest lecturer on legal ethics to undergraduates at St. John Fisher University. The lecture was part of the “Law, Politics, and Society” course which studies how…
