Guarantee conditional on co-surety joining invalidates guarantor's obligation if the co-surety does not join under the contract. A guarantee stipulating that the creditor shall not act until another person joins as co surety is conditional; if that person does not join, the guarantee is invalid and the guarantor incurs no enforceable obligation under that assurance.
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.
Guarantee conditional on co-surety joining invalidates guarantor's obligation if the co-surety does not join under the contract.
A guarantee stipulating that the creditor shall not act until another person joins as co surety is conditional; if that person does not join, the guarantee is invalid and the guarantor incurs no enforceable obligation under that assurance.
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