Knowledge of principal unnecessary to creation of guaranty.

  1. Law
  2. South Dakota Codified Laws
  3. Guaranty, Suretyship and Indemnity
  4. Guaranty
  5. Knowledge of principal unnecessary to creation of guaranty.

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56-1-2. Knowledge of principal unnecessary to creation of guaranty.

A person may become guarantor even without the knowledge or consent of the principal.

Source: SDC 1939, §26.0102.


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