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Revocation of continuing guaranty by change in firm. 18. A continuing guaranty or cautionary obligation given either to a firm or to a third person in respect of the transactions of a firm is, in the absence of agreement to the contrary, revoked as to future transactions by any change in the constitution of the firm to which, or of the firm in respect of the transactions of which, the guaranty or obligation was given. Variation by consent of terms of partnership.
© 1890 Crown Copyright
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