§ 47-12-101 Notice requiring creditor to sue – Creditor’s inaction
§ 47-12-102 Proof of notice
§ 47-12-103 Death of parties
§ 47-12-104 Assignor or endorser
§ 47-12-105 Creditor’s rights against debtor preserved
§ 47-12-106 Stay of execution
§ 47-12-107 Continuing guaranty or suretyship agreements – Future obligations
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Terms Used In Tennessee Code > Title 47 > Chapter 12 - Discharge of Sureties

  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Month: means a calendar month. See Tennessee Code 1-3-105
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105