North Dakota Statutes
§ 22-01-07 — Guaranty of contract the terms of which are unsettled - Interpretation
In a guaranty of a contract the terms of which are not then settled, it is implied that its terms
shall be such as will not expose the guarantor to greater risks than the guarantor would incur
under those terms which are most common in similar contracts at the place where the principal
contract is to be performed.
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North Dakota § 22-01-07 (Guaranty of contract the terms of which are unsettled - Interpretation) — 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