Sec. 3866. Guaranty Of Existing Debt, In Consideration Of Extension
Description
This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
Sec. 3866. Guaranty Of Existing Debt, In Consideration Of Extension
---------, ---------, 19-.
To--------- (creditor):
In consideration that you extend the time of payment of the debt of $--------, owing to you by X. Y., for -------- [insert obligation or obligations for which guaranty is given], until the---------day of---------, 19-, I hereby guarantee the payment of said sum on said date.
Witness: ---------. A. B.
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