Custodian Liability After Principal Debtor's Successful Appeal
Synthèse Legislator
Généré par l'IAA lower court wrongly held a custodian of funds jointly liable with the principal debtor for a debt where the custodian had guaranteed the debt only if the principal debtor failed to perform, and the principal debtor had successfully appealed the judgment against them, because the accessory guarantor's obligation, being conditional upon the principal debtor's default, could not survive the principal debtor's successful challenge to the debt itself.
Regeste Legislator
Généré par l'IACustodian Liability After Principal Debtor's Successful Appeal: A lower court wrongly held a custodian of funds jointly liable with the principal debtor for a debt where the custodian had guaranteed the debt only if the principal debtor failed to perform, and the principal debtor had successfully appealed the judgment against them, because the accessory guarantor's obligation, being conditional upon the principal debtor's default, could not survive the principal debtor's successful challenge to the debt itself.