§ 2807 Surety Liability On Default

Key Takeaways

•If someone promises to pay or do something for another person (like a friend promising to pay your debt), they have to do it right away if the original person doesn’t.
•The person who was supposed to get paid or get the job done doesn’t have to ask or remind the helper—they just have to act as soon as the original person fails.
•This rule makes sure the helper can’t say, 'You didn’t tell me!' as an excuse.

Example

Your friend Sam borrows $100 from Alex and asks you to promise to pay it back if Sam can’t. Sam then doesn’t pay Alex back.

You have to pay Alex the $100 right away, even if Alex doesn’t ask you or tell you about it. You can’t wait or say you didn’t know—you promised, so you pay.

Key Takeaways

•If someone promises to pay or do something for another person (like a friend promising to pay your debt), they have to do it right away if the original person doesn’t.
•The person who was supposed to get paid or get the job done doesn’t have to ask or remind the helper—they just have to act as soon as the original person fails.
•This rule makes sure the helper can’t say, 'You didn’t tell me!' as an excuse.

Example

Your friend Sam borrows $100 from Alex and asks you to promise to pay it back if Sam can’t. Sam then doesn’t pay Alex back.

You have to pay Alex the $100 right away, even if Alex doesn’t ask you or tell you about it. You can’t wait or say you didn’t know—you promised, so you pay.

Key Takeaways

Example

Key Terms

References

§ 2807 Surety Liability On Default

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References