SECTIONS 2799-2802 - California Statutes

State Codes and Statutes

Statutes > California > Civ > 2799-2802

CIVIL CODE
SECTION 2799-2802




2799.  In an assumption of liability as surety in connection with a
contract, the terms of which are not then settled, it is implied that
its terms shall be such as will not expose the surety to greater
risks than he would incur under those terms which are most common in
similar contracts at the place where the principal contract is to be
performed.



2800.  A guaranty to the effect that an obligation is good, or is
collectible, imports that the debtor is solvent, and that the demand
is collectible by the usual legal proceedings, if taken with
reasonable diligence.


2801.  A guaranty, such as is mentioned in the last section, is not
discharged by an omission to take proceedings upon the principal
debt, or upon any collateral security for its payment, if no part of
the debt could have been collected thereby.



2802.  In the cases mentioned in Section 2800, the removal of the
principal from the State, leaving no property therein from which the
obligation might be satisfied, is equivalent to the insolvency of the
principal in its effect upon the rights and obligations of the
guarantor.

State Codes and Statutes

Statutes > California > Civ > 2799-2802

CIVIL CODE
SECTION 2799-2802




2799.  In an assumption of liability as surety in connection with a
contract, the terms of which are not then settled, it is implied that
its terms shall be such as will not expose the surety to greater
risks than he would incur under those terms which are most common in
similar contracts at the place where the principal contract is to be
performed.



2800.  A guaranty to the effect that an obligation is good, or is
collectible, imports that the debtor is solvent, and that the demand
is collectible by the usual legal proceedings, if taken with
reasonable diligence.


2801.  A guaranty, such as is mentioned in the last section, is not
discharged by an omission to take proceedings upon the principal
debt, or upon any collateral security for its payment, if no part of
the debt could have been collected thereby.



2802.  In the cases mentioned in Section 2800, the removal of the
principal from the State, leaving no property therein from which the
obligation might be satisfied, is equivalent to the insolvency of the
principal in its effect upon the rights and obligations of the
guarantor.

State Codes and Statutes

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State Codes and Statutes

Statutes > California > Civ > 2799-2802

CIVIL CODE
SECTION 2799-2802




2799.  In an assumption of liability as surety in connection with a
contract, the terms of which are not then settled, it is implied that
its terms shall be such as will not expose the surety to greater
risks than he would incur under those terms which are most common in
similar contracts at the place where the principal contract is to be
performed.



2800.  A guaranty to the effect that an obligation is good, or is
collectible, imports that the debtor is solvent, and that the demand
is collectible by the usual legal proceedings, if taken with
reasonable diligence.


2801.  A guaranty, such as is mentioned in the last section, is not
discharged by an omission to take proceedings upon the principal
debt, or upon any collateral security for its payment, if no part of
the debt could have been collected thereby.



2802.  In the cases mentioned in Section 2800, the removal of the
principal from the State, leaving no property therein from which the
obligation might be satisfied, is equivalent to the insolvency of the
principal in its effect upon the rights and obligations of the
guarantor.