N.D. Cent. Code § 22-01-01: Definitions
Where this section sits in the code
- Title 22 Guaranty, Indemnity, And Suretyship
- Chapter 22-01 Guaranty
In this chapter, unless the context or subject matter otherwise requires:
1.A "continuing guaranty" means a guaranty relating to a future liability of the principal under successive transactions which either continue the liability or from time to time renew it after it has been satisfied.
2.A "guaranty" means a promise to answer for the debt, default, or miscarriage of another person.
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