Surety exonerated to extent prejudiced by omission of creditor.

  1. Law
  2. South Dakota Codified Laws
  3. Guaranty, Suretyship and Indemnity
  4. Suretyship
  5. Surety exonerated to extent prejudiced by omission of creditor.

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56-2-11. Surety exonerated to extent prejudiced by omission of creditor.

A surety is exonerated 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.

Source: SDC 1939, §26.0205 (4).


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