56-1-3. Consideration--When required.
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/sd/title-56/chapter-56-1/56-1-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Where a guaranty is entered into at the same time with the original obligation or with the acceptance of the latter by the guarantee and forms, with that obligation, a part of the consideration to him, no other consideration need exist. In all other cases there must be a consideration distinct from that of the original obligation.