§15-343. Liability of indemnified guarantor.
42 words·~1 min read·
/ok/title-15-contracts/15-343A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A guarantor, who has been indemnified by the principal, is liable to the creditor to the extent of the indemnity, notwithstanding that the creditor, without the assent of the guarantor, may have modified the contract or released the principal. R.L.1910, § 1048.