§15-377. Exoneration of surety generally.
81 words·~1 min read·
/ok/title-15-contracts/15-377A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A surety is exonerated:
1. In like manner with a guarantor.
2. To the extent to which he is prejudiced by any act of the creditor which would naturally prove injurious to the remedies of the surety or inconsistent with his rights, or which lessens his security; or,
3. To the extent to which he is prejudiced by an omission of the creditor to do anything, when required by the surety, which it is his duty to do. R.L.1910, § 1056.