N.D. Cent. Code § 22-01-06 (2025) – Acceptance of offer to guaranty required - Exception in case of absolute guaranty | Midpage
22-01-06
N.D. Cent. Code § 22-01-06 (2025)
Acceptance of offer to guaranty required - Exception in case of absolute guaranty
A mere offer to guaranty is not binding until notice of its acceptance is communicated by the guarantee to the guarantor. An absolute guaranty is binding upon the guarantor without a notice of acceptance.