Statutes, codes, and regulations
North Dakota Century Code
Title 22 - GUARANTY, INDEMNITY, AND SURETYSHIP
Chapter 22-01 - GUARANTY
Section 22-01-07 - Guaranty of contract the terms of which are unsettled - Interpretation

N.D. Cent. Code § 22-01-07

Download
PDF
Current through the 2023 Legislative Sessions
Section 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.

N.D.C.C. § 22-01-07