Delro Industries, Inc. v. Evans
Supreme Court of Alabama
1Dissent
I do not agree that the failure to give notice to the guarantor of the debtor's default bars the creditor's claim.
While the general rule is that the guarantor is entitled to such notice where the guarantee is conditional or continuing, there are several qualifications to that rule.
Notice is not necessary to charge the guarantor when the principal is insolvent, because the guarantor has sustained no injury from want of notice. Walker v. T. G.Forbes, 25 Ala. 139 (1854). "If [the guarantor] has sustained an injury for want of such notice, he is released to the extent of that injury." Walker,…
2Cases cited8 opinions
- Mamerow v. National Lead Co.Illinois Supreme Court · 1903
- Mid-City Industrial Supply Co. v. HorwitzAppellate Court of Illinois · 1985
- Walker v. ForbesSupreme Court of Alabama · 1854
- Swisher v. DeeringIllinois Supreme Court · 1903
- Cahuzac & Co. v. SaminiSupreme Court of Alabama · 1856
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