SURETYSHIP R05-06B

Some events which will release a surety.

  1. Principal debt paid.
  2. Statue of frauds.
  3. Statues of limitation.
  4. Surety’s incapacity.
  5. Bankruptcy of the surety.
  6. Illegality, fraud, misrepresentation.
  7. Lack of consideration when required.
  8. Material alteration by creditor.
  9. Release of debtor without surety’s consent.
  10. Surrender or impairment of debtor’s collateral.
April 3, 2020 | |