A guaranty to the effect that an obligation is good, or is collectible, imports that the debtor is solvent, and that the demand is collectible by the usual legal proceedings, if taken with reasonable diligence.
Cal. Civ. Code § 2800
Interpretation of Suretyship
Applied in 5 court decisions — leading case Ohio Electric Car Co. v. Le Sage (1920)
Most recently applied in Apple Ex Rel. Scammon v. Standard Oil, Division of American Oil Co. (November 1969)
Enacted 1872.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.