benefit of division
- The privilege that a guarantor has when facing a legal action, which allows them to require the creditor, who is initiating the legal action, to include the other guarantors in the suit
- The surety invoked the benefit of division, insisting that the other cosureties should be included in the lawsuit.
- Understanding the benefit of division can help sureties share potential liabilities with cosureties in a case.
- The creditor was advised about the possibility of the surety employing a benefit of division to force her to sue all cosureties.