Question
Will agreed to act as surety on a loan given by Geri Finance Company to Ernest. When Ernest could not repay the loan, Geri Finance
Will agreed to act as surety on a loan given by Geri Finance Company to Ernest. When Ernest could not repay the loan, Geri Finance came directly to Will for payment without attempting to get the money from Ernest. Will refused to pay, claiming that Geri Finance should first try and collect from Ernest. Is Will correct? Why or why not?
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The New Microfinance Handbook A Financial Market System Perspective
Authors: Joanna Ledgerwood, Julie Earne, Candace Nelson
1st Edition
0821389270, 978-0821389270
