ARTICLE 3. Interpretation of Suretyship

Heading of Article 3 amended by Stats. 1939, Ch. 453.

§§ 2799–2802 · 4 sections

• § 2799 In an assumption of liability as surety in connection with a contract, the terms of which are not then settled, it is implied that its terms shall be such as…
• § 2800 A guaranty to the effect that an obligation is good, or is collectible, imports that the debtor is solvent, and that the demand is collectible by the usual…
• § 2801 A guaranty, such as is mentioned in the last section, is not discharged by an omission to take proceedings upon the principal debt, or upon any collateral…
• § 2802 In the cases mentioned in Section 2800, the removal of the principal from the State, leaving no property therein from which the obligation might be satisfied,…