PrincipleCONTRACT LAW — Guarantees — Continuing Guarantee — Nature of
- Area of law
- CONTRACT LAW
- Court
- Supreme Court
A continuing guarantee covers future advances. Termination must follow the contract terms. Extraneous matters cannot override the written agreement. The principle applies to all continuing guarantees. The guarantor is bound until proper termination. The rule protects the creditor's rights. The court will enforce the contract…
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