Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
LEARNING OBJECTIVES
- Understand what a surety is and why sureties are used in commercial transactions.
- Know how suretyships are created.
- Recognize the general duty owed by the surety to the creditor, and the surety’s defenses.
- Recognize the principal obligor’s duty to the surety, and the surety’s rights against the surety.
- Understand the rights among cosureties.
- 1663 reads
