Montana Code 28-11-213. Guarantor not exonerated by delay of creditor
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28-11-213. Guarantor not exonerated by delay of creditor. Mere delay on the part of a creditor to proceed against the principal or to enforce any other remedy does not exonerate a guarantor.
Terms Used In Montana Code 28-11-213
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC