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Zeppo borrows (takes a loan) from Harpo in the amount of $100,000.00. Larry agrees to act as a surety for $100,000,Curly agrees to act as
Zeppo borrows (takes a loan) from Harpo in the amount of $100,000.00. Larry agrees to act as a surety for $100,000,Curly agrees to act as a surety for $75,000.00 and Moe agrees to act as surety for $25,000.00.
When Zeppo defaults on the loan, Harpo demands payment from Larry, Curly and Moe.
What does Larry, Curly and Moe have to pay?
What rights do Larry, Curly and Moe have after they pay?
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