North Dakota Code 22-01-19 – Delay on creditor’s part does not exonerate guarantor
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Mere delay on the part of a creditor to proceed against the principal or to enforce any other remedy does not exonerate a guarantor.
Terms Used In North Dakota Code 22-01-19
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC