28-11-202. Liability under guaranty of incomplete contract.
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/mt/title-28/chapter-11/part-2/28-11-202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
28-11-202 . Liability under guaranty of incomplete contract. In a guaranty of a contract the terms of which are not then settled, it is implied that the guaranty's terms will not expose the guarantor to greater risks than the guarantor would incur under those terms that are most common in similar contracts at the place where the principal contract is to be performed.