Guarantees would normally be signed in the presence of a third party although it is quite common for the financial institution's officer to act as a witness.
However, financial institutions will not normally allow a person to be a witness for his or her spouse without independent advice.
All financial institutions have their own standard document for a contract of guarantee to protect the financial institutions' interest.
Ultimately, you will have to decide, after due legal counsel if necessary, whether or not to sign the guarantee on the terms required by the financial institution.
Reprinted with permission from BankingInfo (A Consumer Education Programme)
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