compensated surety
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 296 U.S. 526 - Chapman v. Hoage · 1936Most cited · 173 citing opinions
The rule that any modification of the principal obligation releases the surety is also abated in the case of a compensated surety or indemnitor, who is discharged only so far as his right is shown to be in fact prejudiced by action of the indemnitee. One who engages in the business of insurance for compensation may properly be held more rigidly to his obligation to indemnify the insured than one whose suretyship is an undertaking uncompensated and casual.
How often courts cite the case defining “compensated surety”
Court decisions citing the opinion that defined “compensated surety” — 173 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.