144: Guarantee on contract that creditor shall not act on it until co-surety joins

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Where a person gives a guarantee upon a contract that the creditor shall not act upon it until another person has joined in it as co-surety, the guarantee is not valid if that other person does not join.

Related sections

143: Guarantee obtained by concealment invalid 145: Implied promise indemnify surety 142: Guarantee obtained by misrepresentation invalid 146: Co-sureties liable to contribute equally 141: Surety’s right to benefit of creditor’s securities 147: Liability of co-sureties bound in different sums

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