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Georgia Code, Title 10, Chapter 7, Article 1 - Contract of Suretyship
§ 10-7-1 - Contract of Suretyship or Guaranty Defined; Liability of Surety Generally
The contract of suretyship or guaranty is one whereby a person obligates himself to pay the debt of another in consideration of a benefit...
§ 10-7-2 - Nature of Obligation of Surety
The obligation of the surety is accessory to that of his principal; and, if the latter from any cause becomes extinct, the former shall...
§ 10-7-3 - Suretyship Not Extended by Implication
The contract of suretyship is one of strict law; and the surety's liability will not be extended by implication or interpretation.
§ 10-7-4 - Form of Contract Immaterial
The form of the contract is immaterial, provided the fact of suretyship exists.
Last modified: October 14, 2016