""The undersigned guarantor(s)each expressly waive all notice at extension of credit to applicant, demand for payment, and any notice of default by applicant and all other notices guarantor(s) might otherwise be entitled to. ""
The above text is on an application for vendor credit. I'm somewhat confused. I know in general it means waiving the right to be notified about court proceedings, but I can't imagine what the scenario would be for this. Something to do with collecting debt?
