GroundRules
28-11-201: Obligation of guarantor not to exceed that of principal.
Where this section sits in the code
- TITLE 28. CONTRACTS AND OTHER OBLIGATIONS
- CHAPTER 11. GUARANTY, INDEMNITY, AND SURETYSHIP
- Part 2. Guaranty -- Liability and Exoneration of Guarantor
The obligation of a guarantor must be neither larger in amount nor in other respects more burdensome than that of the principal, and if in its terms it exceeds it, it is reducible in proportion to the principal obligation.
Collected 2026-09-14T04:50:47Z. Source file · JSON