Surety bond
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 234 U.S. 448 - Equitable Surety Co. v. United States ex rel. McMillan · 1914Most cited · 45 citing opinions
alteration discharging surety
The rule that obtains in ordinary cases is that any change in the contract made between the principals without the consent of the surety discharges the obligation of the latter, even though the change be beneficial to the principal obligor. But it lies at the foundation of this rule of strictissimi juris that the agreement altering the undertaking of the principal must be participated in by the obligee or creditor, in order that it may have the effect of discharging the surety.
How often courts cite the case defining “Surety bond”
Court decisions citing the opinion that defined “Surety bond” — 164 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.