State Act
823
Section 823. Extension of guarantee
Act no. none printed (index gives 0)1867In forceGoa (State Act)
Article 823 – Extension of guarantee - The guarantee shall not exceed the principal debt, nor it shall be contracted under more onerous conditions. However, it may be contracted for lesser amount and under less onerous conditions. Where it exceeds the debt or the conditions are more onerous, the guarantee shall not be null in law, but it will be reduced to the precise terms of the debt covered by guarantee.