Summary

Peter Vivian Daniel Creath's Administrator v. Sims…

This course of proceeding evidently tends to their prejudice as securities; and it is a principle recognized by courts of chancery, and perfectly consonant to the dictates of natural justice, that any arrangement between the creditor and principal debtor, for the easement of the latter, and to the prejudice of the securities, will, if the securities are not privy to or approve of such arrangement, operate in equity to release them from their responsibility.' And the court directed a decree, making the injunction of the surety to the judgment perpetual.
Source: Wikisource

Peter Vivian Daniel Creath's Administrator v. Sims…

He might now pursue his remedy against either or all, and the omission to proceed against one, or even a positive indulgence granted to one, would in no decree impair his rights as against any other.
But the strength of the appellee's case does not rest here. He did take out execution; he caused a levy to be made; and complainant again, with his associates, enters into a new and solemn instrument, under hand and seal, in the shape of a forthcoming bond. This bond created a new and substantive contract; and, being forfeited, gave rise to another judgment, comprehending all the parties to it.
Source: Wikisource

Peter Vivian Daniel Creath's Administrator v. Sims…

A mere indulgence to a principal debtor by a creditor, not binding him to suspend his proceedings for any time, though such indulgence be given at the very time the sheriff is about to levy execution on the property of the principal, and although in consequence of that indulgence the principal debtor has been enabled to remove his property out property out of the reach of future process, was not, even in equity, a discharge of the surety.
Source: Wikisource

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