Any substantial change in the nature of the contract between the creditor and the debtor without the guarantor's consent will relieve the guarantor of any obligation.

Question

Quizplus · Accepted Answer

A guarantor's obligation is based on the specific terms of the original contract. If those terms are substantially altered without the guarantor's consent, it can release the guarantor from their obligations because the guaranty was given based on the original terms of the contract.

Any Substantial Change in the Nature of the Contract Between