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§ 327. Terms implied where principal contract is not completed

Oklahoma Statutes AnnotatedTitle 15. Contracts

Oklahoma Statutes Annotated
Title 15. Contracts
Chapter 8. Guaranty (Refs & Annos)
15 Okl.St.Ann. § 327
§ 327. Terms implied where principal contract is not completed
In a guaranty of a contract, the terms of which are not then settled, it is implied that its terms shall be such as will not expose the guarantor to greater risks than he would incur under those terms which are most common, in similar contracts, at the place where the principal contract is to be performed.

Credits

R.L.1910, § 1032.
15 Okl. St. Ann. § 327, OK ST T. 15 § 327
Current with legislation of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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