A guaranty, such as is mentioned in the last section, is not discharged by an omission to take proceedings upon the principal debt, or upon any collateral security for its payment, if no part of the debt could have been collected thereby.
Cal. Civ. Code § 2801
Interpretation of Suretyship
Applied in 2 court decisions — leading case 170 Cal. App. 2d 559 - Berg Metals Corp. v. Wilson (1959)
Most recently applied in 170 Cal. App. 2d 559 - Berg Metals Corp. v. Wilson (May 1959)
Enacted 1872.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.