The General Law of Suretyship : Including Commercial And Non-Commercial Guarantees And Compensated Corporate Suretyship
The book The General Law of Suretyship : Including Commercial And Non-Commercial Guarantees And Compensated Corporate Suretyship was written by author Spencer, Edward Whiton Here you can read free online of The General Law of Suretyship : Including Commercial And Non-Commercial Guarantees And Compensated Corporate Suretyship book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The General Law of Suretyship : Including Commercial And Non-Commercial Guarantees And Compensated Corporate Suretyship a good or bad book?
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562; Comegys v. State Bank, 6 Ind. 357. 2lS The Law of Suretyship. § 156 undertaken prudently and in good faith against what ap- peared to be an illegal, doubtful or excessive demand, or has resulted in a diminution of the creditor's claim. 71 The surety who discharges the debt cannot, in seek- ing contribution of his co-sureties, any more than in seeking indemnity from his principal, 72 speculate on their liability, and if he compromises with the creditor, he can only recover of his co-suretie...s their proportionate shares of what the compromise actually cost him. 73 If the surety seeking contribution pays with his own bill or note,. however, we find practically the same con- flict of authority as where he seeks indemnity from his principal on the basis of such a payment, and the cases on contribution are often cited interchangeably with, those on the subject of indemnity. 74 71. See Wolmershausen v. Gullick (1893), 2 Ch. 514; Connolly v. Dolan, 22 R. I. 60, 84 Am. St. R. 816; Gross v.
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