Georgia Statutes
§ 10-7-1 — Contract of suretyship or guaranty defined; liability of surety generally
Georgia § 10-7-1
JurisdictionGeorgia
Title10
This text of Georgia § 10-7-1 (Contract of suretyship or guaranty defined; liability of surety generally) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
O.C.G.A. § 10-7-1 (2026).
Text
The contract of suretyship or guaranty is one whereby a person obligates himself to pay the debt of another in consideration of a benefit flowing to the surety or in consideration of credit or indulgence or other benefit given to his principal, the principal in either instance remaining bound therefor. Sureties, including those formerly called guarantors, are jointly and severally liable with their principal unless the contract provides otherwise. There shall be no distinction between contracts of suretyship and guaranty.
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Bluebook (online)
Georgia § 10-7-1, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/10-7-1.