Chapter 01 - Guaranty

Chapter 01 - Guaranty

§ 56-1-1 Guaranty defined.
§ 56-1-2 Knowledge of principal unnecessary to creation of guaranty.
§ 56-1-3 Consideration--When required.
§ 56-1-4 Requirements as to writing--Signature of guarantor--Expression of consideration unnecessary.
§ 56-1-5 Promise for consideration to answer for obligation of another--Writing unnecessary.
§ 56-1-6 Obligation which renders the party making the promise the principal debtor, and the person in whose behalf it is made the surety--Writing unnecessary.
§ 56-1-7 Promise for antecedent obligation of another--Writing unnecessary.
§ 56-1-8 Undertaking by factor to sell merchandise and guarantee sale--Writing unnecessary.
§ 56-1-9 Holder of instrument for the payment of money, upon which third person liable, transferring it in payment of precedent debt entering into a promise respecting such instrument--Writing unnecessary.
§ 56-1-10 Acceptance of guaranty.
§ 56-1-11 Guaranty of incomplete contract.
§ 56-1-12 Guaranty that obligation is good or collectible.
§ 56-1-13 Recovery upon guaranty that obligation is good or collectible.
§ 56-1-14 Failure to take proceedings upon principal debt does not discharge guaranty of solvency.
§ 56-1-15 Construction of guaranty--Unconditional in absence of terms importing condition precedent.
§ 56-1-16 Liability of guarantor--Time of accrual--Default of principal--Demand or notice unnecessary.
§ 56-1-17 Liability of guarantor of conditional obligation--Notice of default.
§ 56-1-18 Obligations of guarantor--Scope and limitations.
§ 56-1-19 Liability of guarantor--Contract of principal unlawful--Personal disability of principal.
§ 56-1-20 Continuing guaranty defined.
§ 56-1-21 Revocation of continuing guaranty--Exception.
§ 56-1-22 Exoneration of guarantor--Alteration of original obligation of principal--Impairment of rights of creditors.
§ 56-1-23 Void promises do not exonerate guarantor.
§ 56-1-24 Liability of guarantor exonerated by agreement altering original obligation of debtor or impairing remedy of creditor not restored by rescission of such agreement.
§ 56-1-25 Obligation of guarantor reduced by partial satisfaction of obligation.
§ 56-1-26 Delay of creditors in enforcement of remedy--Guarantor not exonerated.
§ 56-1-27 Liability of indemnified guarantor.
§ 56-1-28 Discharge of principal by operation of law--Guarantor not exonerated.

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