1. The legal person can be the loan guarantor. 2. Legal persons, other organizations or citizens who have the ability to pay off debts on their behalf may act as guarantors. However, the branches and functional departments of an enterprise as a legal person may not act as guarantors. 3. The so-called guarantor, also known as the guarantor, refers to the agreement between the third party and the creditor that when the debtor fails to perform the debt, the guarantor will perform the debt or assume the responsibility according to the agreement. The third party here is the guarantor.
Legal objectivity:
Article 683 of the Civil Code of People's Republic of China (PRC) * * * A legal person organ may not act as a guarantor, except for loans to foreign governments or international economic organizations approved by the State Council. A legal person not for profit or an unincorporated organization for public welfare may not act as a guarantor. Article 688 of the Civil Code of People's Republic of China (PRC) stipulates in the guarantee contract that the guarantor and the debtor shall be jointly and severally liable for the debt, which is a joint liability guarantee. When the debtor of joint and several liability guarantee fails to perform the due debt or the circumstances agreed by the parties occur, the creditor may require the debtor to perform the debt, or may require the guarantor to assume the guarantee liability within the scope of its guarantee.