California Civil Code 2800 – A guaranty to the effect that an obligation is good, or is …
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A guaranty to the effect that an obligation is good, or is collectible, imports that the debtor is solvent, and that the demand is collectible by the usual legal proceedings, if taken with reasonable diligence.
(Enacted 1872.)
Terms Used In California Civil Code 2800
- 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.