probably means you dont have to be served to collect, probably something to make leins and lawsuits more simplified to avoid those "it costs more to collect a debt than write it off"
On Wed, Dec 6, 2017 at 2:00 PM, Adam Moffett <[email protected]> wrote: > > ""The undersigned guarantor(s) > each expressly waive all notice at extension of credit to applicant, > demand for payment, and any > notice of default by applicant and all other notices guarantor(s) might > otherwise be entitled to. "" > > The above text is on an application for vendor credit. I'm somewhat > confused. I know in general it means waiving the right to be notified > about court proceedings, but I can't imagine what the scenario would be for > this. Something to do with collecting debt? > >
