A surety could avoid liability for a principal's default by using the principal's bankruptcy as a defense.

Name: A surety could avoid liability for a principal's default by using the principal's bankruptcy as a defense.
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The surety cannot use the principal's bankruptcy as a defense to avoid liability for the default. The surety's obligation to pay remains even if the principal has declared bankruptcy.

A Surety Could Avoid Liability for a Principal's Default by Using