Statute of Frauds 1677: Fundamental legislation requiring guarantees to be made in writing and signed to be legally enforceable
Unfair Contract Terms Act 1977: Regulates exclusion and limitation clauses in business-to-business contracts, ensuring fairness in contractual terms
Contracts (Rights of Third Parties) Act 1999: Governs how third parties may derive rights from a contract, including guarantees, and their ability to enforce such rights
Consumer Rights Act 2015: Provides protection for consumers in contracts, relevant if the guarantee involves a consumer party
Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, and intention to create legal relations
Banking and Financial Services Law: Specialized legal framework applicable when the guarantor is a financial institution
Financial Services and Markets Act 2000: Regulatory framework for financial institutions providing guarantees
FCA Regulations: Financial Conduct Authority regulations governing financial institutions and their services
Money Laundering Regulations 2017: Regulations to prevent financial crime and ensure proper due diligence in financial transactions
Companies Act 2006: Governs corporate capacity and authority to enter into guarantees
