North Dakota Statutes
§ 22-01-06 — Acceptance of offer to guaranty required - Exception in case of absolute guaranty
guaranty.
A mere offer to guaranty is not binding until notice of its acceptance is communicated by the
guarantee to the guarantor. An absolute guaranty is binding upon the guarantor without a notice
of acceptance.
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North Dakota § 22-01-06 (Acceptance of offer to guaranty required - Exception in case of absolute guaranty) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 22-01-01
Definitions§ 22-01-05
When a guaranty need not be in writing§ 22-01-06.2
Surety or guarantor may withdraw within ten days§ 22-01-06.3
When account furnished surety or guarantor§ 22-01-06.4
Surety or guarantor may withdraw at any time§ 22-01-06.5
Public policy