137
In forceExtent of liability of guarantor
Part VIIIContracts of guarantee
137 Extent of liability of guarantor
A guarantor under a contract of guarantee in respect of the obligations of a debtor under a regulated contract is not liable in respect of the regulated contract for an amount exceeding the sum of—
(a)
the amount for which the debtor is liable under the contract; and
(b)
the reasonable costs of and incidental to enforcing the contract of guarantee.
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