Civil Transactions Law
Art. 584Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. If a suretyship is for an amount greater than the amount owed by the debtor
and is subject to stricter conditions than those imposed on the debtor, it shall
be valid only for the amount of the debt owed by the debtor and subject to its
conditions.
2. A suretyship may be for an amount lesser than the amount owed by the
debtor and subject to less strict conditions.
Subsection 2: Effects of Suretyship Contract
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded