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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Consideration for guarantee: creditor's extension of credit or forbearance can support a third party surety's promise.</h1> Consideration for guarantee exists when something done or promised for the benefit of the principal debtor-such as the creditor extending credit or forbearing to sue at the debtor's request-constitutes sufficient consideration for a surety's promise. Acts or induced forbearance by the creditor that confer a real benefit or are given in reliance on the third party's assurance support the guarantee, whereas a subsequent gratuitous promise without such consideration is void.

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