Archive for March 2017
Drawing a Distinction Between Liability as a Surety and Liability as a Surety and Co-Principal Debtor
When you agree to act as a surety, you might also take on the role of a co-principal debtor. Without a clear statement of this additional responsibility, interpreting the terms of the suretyship and the context is necessary to determine if you’re committing as both. So, what’s the importance of these roles? Agreeing as both…
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