Written acknowledgment of a subsisting liability before expiry...

Written acknowledgment of a subsisting liability before expiry of limitation starts a fresh limitation period, and rejection of a settlement proposal does not itself negate the acknowledgment. A borrower's acknowledgment binds a personal guarantor where the guarantee expressly provides for it, even without the guarantor's own acknowledgment. A continuing guarantee can preserve liability despite resignation as director or changes to credit facilities, unless novation or release is established. Forgery allegations concerning later documents require proof in appropriate proceedings and do not defeat proceedings independently supported by admitted earlier guarantees. Non-enforcement of collateral does not automatically discharge a guarantor; applicable statutory conditions, such as release of the principal debtor or impairment of the surety's remedies, must be established.