Definitions

N.D.C.C. § 22-01-01 — under Guaranty.

N.D.C.C. § 22-01-01

In this chapter, unless the context or subject matter otherwise requires: 1. A "continuing guaranty" means a guaranty relating to a future liability of the principal under successive transactions which either continue the liability or from time to time renew it after it has been satisfied. 2. A "guaranty" means a promise to answer for the debt, default, or miscarriage of another person.