North Dakota Code 22-01-19 – Delay on creditor’s part does not exonerate guarantor

Current as of: 2023 | Check for updates | Other versions

Mere delay on the part of a creditor to proceed against the principal or to enforce any other remedy does not exonerate a guarantor.

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Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}