GroundRules
28-11-216: Effect of part performance on guarantor's liability.
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 acceptance by a creditor of anything in partial satisfaction of an obligation reduces the obligation of a guarantor thereof in the same measure as that of the principal but does not otherwise affect it.
Collected 2026-09-14T04:50:47Z. Source file · JSON