GroundRules
18 GCA § 31201: Necessity of Consideration.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 2 - Commercial and Business Obligations
- Part 1 - Third-Party Obligations
- Chapter 31: Guaranty
- ARTICLE 2: CREATION OF GUARANTY
Where a guaranty is entered into at the same time with the original obligation, or with the acceptance of the latter by the guarantee, and forms with that obligation a part of the consideration to him, no other consideration need exist. In all other cases, there must be a consideration distinct from that of the original obligation.
Collected 2026-09-27T03:55:58Z. Source file · JSON