§ 2824 Indemnified Surety Liability
Your friend promises the bank they'll pay your car loan if you can't. Later, the bank says you don't have to pay the loan anymore, but your friend still has to pay what they promised.
Even though the bank let you off the hook, your friend still has to pay because they promised to cover your debt.
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§ 2824 Indemnified Surety Liability
Last verified: January 21, 2026