Statute of Frauds 1677: Fundamental legislation requiring guarantees to be made in writing and signed to ensure enforceability of the guarantee agreement
Consumer Credit Act 1974: Regulates credit agreements and related guarantees, providing consumer protection measures and specific requirements for form and content when private individuals are involved
Financial Services and Markets Act 2000: Governs regulated financial activities, affecting format and content requirements for loan guarantees within regulated sectors
Unfair Contract Terms Act 1977: Controls and restricts unreasonable exclusion clauses to ensure fairness in contractual relationships between parties
Consumer Rights Act 2015: Ensures fairness in consumer contracts and provides protection against unfair terms in consumer agreements
FCA Regulations: Financial Conduct Authority guidelines that must be followed for regulated lending, including specific requirements for documentation and process
Common Law Principles: Fundamental legal principles including consideration, capacity to contract, and clear intention to create legal relations
Data Protection Act 2018 and UK GDPR: Legislation governing the handling of personal information and privacy considerations in contractual arrangements
