“Any change in the principal contract, which materially alters the principal’s obligations would, in effect, constitute an implied novation of the surety contract”
(First of two parts)
Jurisprudence defines “a contract of suretyship as ‘an agreement where a party called the surety guarantees the performance by another party called the principal or obligor of an obligation… in favor of a third person called the obligee...’”
“ surety’s liability is joint and several,...
“Any change in the principal contract, which materially alters the principal’s obligations would, in effect, constitute an implied novation of the surety contract”
(First of two parts)
Jurisprudence defines “a contract of suretyship as ‘an agreement where a party called the surety guarantees the performance by another party called the principal or obligor of an obligation… in favor of a third person called the obligee...’”
“ surety’s liability is joint and several,...
“It was in 2019 when the Supreme Court introduced electronic filing and service for the first time in the Rules of Civil Procedure”
(Part 1)
Recently,...
“Here’s what the law says.”
“The Judiciary Act of 1948, as amended, confers upon Courts of First Instance (now Regional Trial Courts) jurisdiction over all...
