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Code · Oklahoma · Title 15 — Contracts

§15-338. Exoneration of guarantor.

62 words·~1 min read·/ok/title-15-contracts/15-338

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A guarantor is exonerated, except so far as he may be indemnified by the principal, if by any act of the creditor, without the consent of the guarantor, the original obligation of the principal is altered in any respect, or the remedies or rights of the creditor against the principal, in respect thereto, in any way impaired or suspended. R.L.1910, § 1043.
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