California Civil Code 2808 – Where one assumes liability as surety upon a conditional obligation, …
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Where one assumes liability as surety upon a conditional obligation, his liability is commensurate with that of the principal, and he is not entitled to notice of the default of the principal, unless he is unable, by the exercise of reasonable diligence, to acquire information of such default, and the creditor has actual notice thereof.
(Amended by Stats. 1939, Ch. 453.)
Terms Used In California Civil Code 2808
- 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.