benefit of division

Definition of "benefit of division"
  1. 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
How to use "benefit of division" in a sentence
  1. The surety invoked the benefit of division, insisting that the other cosureties should be included in the lawsuit.
  2. Understanding the benefit of division can help sureties share potential liabilities with cosureties in a case.
  3. The creditor was advised about the possibility of the surety employing a benefit of division to force her to sue all cosureties.

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