Stupid Mistake - Any way out?

[James21]

Hi

I've made a very bad mistake and I'm hoping that there might be a legal argument I can use to get myself out of it (other than pleading stupidity !)

It appears that I have signed as a guarantor for a business lease, when I thought I was simply signing as a witness to the director's signature on his guarantee document.

There were papers and contracts all over the table, and at no time did anyone explain to me exactly what it was that I was signing. I was simply asked to "sign here".

I know this was really dumb, but surely they (the representative of the leasing company) had a legal obligation to explain to me exactly what it was that I was signing and to suggest that I take legal advice?

They are now coming after me for the money as the company has gone into liquidation and I have a court hearing for "directions" next week.

Would greatly appreciate any help that anyone can give me. Thanks.

[loonytunes]

What makes you belive that they are licensed under the Gambling Act?

[loonytunes]

Sorry wrong answer to wrong question.

[squarebear]

Surely you read before you signed?! You could have been signing anything!

Yep, you signed as a guarantor, so now you must pay up. I don't see how you could claim stupidity as a defence.