Guarantorship; Analysis Of The Law And Practice In Uganda

ABSTRACT

Uuarantorship is a green area of study in Uganda with very little information and familiarity

among the academia. This has been caused by the insufficiency of the legal regime. unscrupulous

desire by the creditors. to keep off the guarantors from precisely making informed decisions. The

fact that guarantees are becoming popular with the expanding banking sector. therefore the

research undertakes to discover solutions to the existing problems in the operation oi" the

guarantorship. This research traverses the current legal regime on guarantees and emphasizes on

the inadequacies and suggests an ideal situation. Guarantorship is an asset to the economic

empowerment ot'the public.