New South Wales Consolidated Acts

MINORS (PROPERTY AND CONTRACTS) ACT 1970 - SECT 47

47 Guarantee

(1) A guarantor of an obligation of a minor is bound by the guarantee to the extent to which he or she would be bound if the minor were not a minor.

(2) For the purposes of subsection (1) a minor has, under a civil act in which the minor participates, the obligation which the minor would have if the minor were not a minor at the time of his or her participation.

(3) This section applies to a guarantee given after the commencement of this Act.