Good day Werner
I would like to get some legal advise.
We had a company registered with 4 director's including myself, at the start of the business we opened an account with a supplier and i personally signed surety on the credit application, in October when 2 including myself resigned as directors of the company there was no monies owed toe this supplier, in April this year the remaining two directors made dept on the account with the supplier, but did not paid anything on the account, they filled in a new credit application after the dates of the purchases, and signed for it personally without me knowing, yesterday we got i got a call from BCM advising me i owe the supplier 94 000.00, and because i signed surety i was responsible for the debt even after i resigned as director before the purchasing was made, my question is, will i still be liable for this debt ? Amd if so our credit was only approved for 50 000.00 the supplier took the risk to supply beyond this approved credit limit.
Thank you
I would like to get some legal advise.
We had a company registered with 4 director's including myself, at the start of the business we opened an account with a supplier and i personally signed surety on the credit application, in October when 2 including myself resigned as directors of the company there was no monies owed toe this supplier, in April this year the remaining two directors made dept on the account with the supplier, but did not paid anything on the account, they filled in a new credit application after the dates of the purchases, and signed for it personally without me knowing, yesterday we got i got a call from BCM advising me i owe the supplier 94 000.00, and because i signed surety i was responsible for the debt even after i resigned as director before the purchasing was made, my question is, will i still be liable for this debt ? Amd if so our credit was only approved for 50 000.00 the supplier took the risk to supply beyond this approved credit limit.
Thank you
