81Form of guarantees

#### 81 Form of guarantees (1) For section 55 of the Code, a guarantee must contain the warning set out in Form 8. (2) The warning must comply with the following requirements: (a) it must be in the form of a box as indicated in Form 8; (b) it must be set out immediately above, and on the same page as, the place where the guarantor (or at least 1 of the guarantors) is to sign the guarantee document; (c) if the guarantors are to sign the guarantee document on separate pages, it must be set out in that way on each page. > Note: Section 55 of the Code requires a guarantee to be in writing signed by the guarantor. Subsection 55(3) provides that the regulations may make provision for or with respect to the content of guarantees and the way they are expressed.