Gosserand v. Lacour

Citations

• 8 La. Ann. 75

Syllabus

<p>Parole evidence is inadmissable to shew the declarations of a surety, made at the time of his signing the note, but out of (he presence of his co-surety—the object of which evidence was to show what the surety supposed was the nature of his obligation.</p> <p>A surety has a right to be subrogated to the principal’s rights against his solidary co-surety, to the extent of the co-surety’s liability; and if the principal grants time to the co-surety, that would defeat the surety’s right to the subrogation—the surety is discharged.</p>