4 Pages Posted: 23 Mar 2011
Date Written: November 1, 2007
This article discusses a California case rejecting a guarantor’s claim of equitable contribution from co-guarantors because they were not at the same level of liability, and also rejecting a subrogation claim because it could be used only against the primary debtor, not other secondary debtors.
Keywords: Equitable Contribution, Subrogation, Loan Transaction, Contribution, Morgan Creek Residential v. Kemp, Suretyship
JEL Classification: K11
Suggested Citation: Suggested Citation