GroundRules
28-11-202: Liability under guaranty of incomplete contract.
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
In a guaranty of a contract the terms of which are not then settled, it is implied that the guaranty's terms will not expose the guarantor to greater risks than the guarantor would incur under those terms that are most common in similar contracts at the place where the principal contract is to be performed.
Collected 2026-09-14T04:50:47Z. Source file · JSON