Exoneration

Definition and stakes

Portrait of Benjamin N. Cardozo Benjamin N. Cardozo,  Morley Const Company v. Maryland Casualty Company…

“ Exoneration 'does not entitle the surety to custody or control of the fund.' Stulz-Sickles Co. v. Fredburn Construction Corporation, supra. The decision of the Court of Appeals puts an end to this nice adjustment of the relief to the law and of the law to the facts as found. A decree appropriate to exoneration is annulled, and one appropriate to specific performance is given in its place. ”
Source: Wikisource

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