22-01-17. Guarantor liability not revived after exoneration.
34 words·~1 min read·
/nd/title-22/chapter-22-01-guaranty/22-01-17·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The rescission of an agreement altering the original obligation of a debtor or impairing the remedy of a creditor does not restore the liability of a guarantor who has been exonerated by such agreement.