But I Didn't Read It Before I Signed It
GDB Firm Blog
JANUARY 27, 2020
We've all heard that argument before. Once again, a New York Appellate Court rejected the argument in a commercial transaction. You can't get a lot clearer than having a court say that people who sign a loan agreement are "presumed to know the contents of the instrument [they] signed and to have assented to such terms." The court went on to say, "even if, as he testified, [the guarantor] failed to read the agreement before signing it, that does not excuse him from performin
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