When can a bank's limitation period against a guarantor commence?
Alberta, Canada
The following excerpt is from Edmonton Savings & Credit Union Ltd. v. Grandin Park Barbershop & Beauty Parlor Ltd., 1985 CanLII 1321 (AB QB):
In Canadian Imperial Bank of Commerce v. Meronek (Calgary Q.B. 8101-19512, May 31, 1982, unreported) Medhurst, J., was faced with the issue of when the limitation period against a guarantor commenced.
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