2010 Georgia Code 10-7-1 Case Law
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Graham W. Syfert, Esq.

1650 Margaret St, Ste. 302, PMB#264
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Phone: 904-383-7448
E-mail: graham@syfert.com
Fax: 904-638-4726

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One Click Case Law for § 10-7-1
O.C.G.A. § 10-6a-9 <-- --> O.C.G.A. §10-7-2



2010 Georgia Code

TITLE 10 - COMMERCE AND TRADE

CHAPTER 7 - SURETYSHIP
ARTICLE 1 - CONTRACT OF SURETYSHIP
§ 10-7-1 - Contract of suretyship or guaranty defined; liability of surety generally

O.C.G.A. 10-7-1 (2010)
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 flowing to the surety or in consideration of credit or indulgence or other benefit given to his principal, the principal in either instance remaining bound therefor. Sureties, including those formerly called guarantors, are jointly and severally liable with their principal unless the contract provides otherwise. There shall be no distinction between contracts of suretyship and guaranty.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com