California Civil Code 2792 – Where a suretyship obligation is entered into at the same time with …
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Where a suretyship obligation is entered into at the same time with the original obligation, or with the acceptance of the latter by the creditor, and forms with that obligation a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation.
(Amended by Stats. 1939, Ch. 453.)
Terms Used In California Civil Code 2792
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.