22-01-07. Guaranty of contract the terms of which are unsettled - Interpretation

22-01-07. Guaranty of contract the terms of which are unsettled - Interpretation In a guaranty of a contract the terms of which are not then settled, it is implied that its terms shall be such as will not expose the guarantor to greater risks than the guarantor would incur under those terms which are most common in similar contracts at the place where the principal contract is to be performed.