Civil Law Act (Cap. 43): Primary legislation governing guarantees and suretyship in Singapore. Section 6 requires guarantees to be in writing, and Section 8 deals with discharge of principal debtor.
Contracts (Rights of Third Parties) Act: Governs how third parties may enforce terms of a contract, which is relevant for suretyship agreements involving multiple parties.
Misrepresentation Act (Cap. 390): Regulates cases where surety agreements are entered into based on misrepresented facts or circumstances.
Limitation Act (Cap. 163): Sets time limits for bringing legal actions related to the suretyship agreement.
Banking Act (Cap. 19): Relevant when the suretyship agreement involves financial institutions or banking transactions.
Bankruptcy Act (Cap. 20): Governs implications of insolvency on suretyship agreements and rights of creditors.
Common Law Principles: Includes rules on contract formation, consideration, capacity to contract, discharge of surety, rights of subrogation, and indemnity rights under Singapore common law.
Consumer Protection (Fair Trading) Act: Protects consumers in transactions and may apply to certain suretyship agreements involving consumer transactions.
Unfair Contract Terms Act: Regulates the use and enforcement of unfair terms in contracts, including suretyship agreements.
Statute of Frauds Requirements: Specific requirements under Singapore law for the formal validity of suretyship agreements, including the need for written documentation.
