Sections
6 entriesSection 2806Establishes a suretyship obligation as unconditional unless the obligation’s terms create a condition precedent to the surety’s liability. A suretyship is therefore…Section 2807Establishes that a surety who has assumed liability for payment or performance becomes liable to the creditor immediately when the principal defaults.…Section 2808Limits a surety on a conditional obligation to liability commensurate with the principal's liability and generally bars entitlement to notice of the…Section 2809Limits a surety’s obligation so it may be neither greater in amount nor otherwise more burdensome than the principal’s obligation. If the…Section 2810Establishes that a surety remains liable despite a principal's personal disability even when the disability makes the contract void against the principal.…Section 2811Allows any party required to give a bond undertaking or other obligation to agree with his surety for the deposit of any…