P.R. Laws tit. 10, § 1824
2019-02-20 00:00:00+00
In contracts for an indefinite period, if it has been agreed to give the guarantor compensation, the guaranty shall continue in force until, by reason of the complete termination of the principal contract which is secured, the obligations arising therefrom are canceled, no matter what their duration may be, unless a fixed period during which the guaranty was to continue in force was expressly agreed upon.
History —Commerce Code, 1932, § 352.