Statute of Frauds 1677: Section 4 requires guarantees to be in writing and signed by the guarantor or their authorized representative to be legally enforceable
Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of the guarantee and their rights under the contract
Unfair Contract Terms Act 1977: Regulates the use and enforcement of exclusion and limitation clauses in business-to-business contracts
Consumer Rights Act 2015: Relevant if one party might be acting as a consumer rather than a business, providing additional protections
Common Law - Consideration: Legal principles regarding the requirement for consideration in contract formation and guarantees
Common Law - Contractual Interpretation: Principles governing how courts interpret and construe contractual terms and guarantees
Common Law - Undue Influence: Doctrine protecting guarantors from guarantees given under undue influence or pressure
Common Law - Misrepresentation: Rules regarding false statements or representations that induced the guarantee
Limitation Act 1980: Sets statutory time limits for bringing claims under the guarantee
Companies Act 2006: Relevant for corporate guarantors, addressing issues of corporate capacity and authority to give guarantees
Financial Services and Markets Act 2000: Applicable if the guarantee relates to regulated financial activities or services
Insolvency Act 1986: Contains provisions affecting guarantees in situations of insolvency or bankruptcy
