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What does bank loan witness mean?
A witness refers to a person who is invited by the judicial organ to observe, supervise and testify on some investigation and execution acts and has no interest in the case. Also known as witnesses. A witness generally refers to a person who, at the request of a party or an interested party, goes to the scene to witness an event or activity and acts as a third-party witness. Article 68 1 of the Civil Code defines a guarantee contract as a contract to guarantee the realization of creditor's rights. The guarantor and the creditor agree that when the debtor fails to perform the due debt or the circumstances agreed by the parties occur, the guarantor will perform the debt or assume the responsibility.
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