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Oklahoma Statutes

8

Okla. Stat. tit. 15, ch. 8

Guaranty

321"Guaranty" Defined 322Consent or Knowledge of Principal Unnecessary 323Consideration 324Guaranty Must be in Writing, Signed by Guarantor - Writing Need Not Express Consideration 325When Promise Deemed Original and Need Not be in Writing 326Necessity of Notice of Acceptance of Guaranty 327When Terms of Contract are Not Settled, Certain Terms are Implied 328Solvency Guaranty 329Guaranty of Solvency Not Discharged for Failure to Take Proceedings 330Removal of Principal from State Deemed Equivalent to Insolvency 331Guaranty is to be Deemed Unconditional - Exception 332Guarantor Liable to Guarantee on Default of Principal without Notice 333Guaranty of Conditional Obligation - Liability - Notice 334Obligation of Guarantor - Limitation 335Guarantor Not Liable if Contract of Principal is Unlawful - Disability of Principal 336Continuing Guaranty Defined 337Continuing Guaranty - Revocation of 338Guarantor - Exoneration 339Void Promise of Creditor Does Not Alter Obligation or Suspend or Impair the Remedy 340Rescission of New Agreement Does Not Restore Guarantor's Liability 341Reducing Guarantor's Obligation 342Mere Delay on Part of Creditor Does Not Exonerate Guarantor 343Liability of Guarantor, Indemnified by Principal 344Guarantor Not Exonerated by Principal's Discharge - Exception