Surety

Estate of K.H. Hemady v. Luzon Surety [November 28, 1956]

Leave a Comment / Case Digests, Civil Law, Law on Succession /

In Estate of K.H. Hemady v. Luzon Surety, the Supreme Court ruled that a surety’s obligations are transmissible to heirs upon death. The Court allowed Luzon Surety’s contingent claims against Hemady’s estate, emphasizing that such obligations are not strictly personal and thus pass to successors.

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Prudential vs. Equinox [September 13, 2007]

Leave a Comment / Case Digests, Commercial Law, Insurance Law /

In Prudential Guarantee and Assurance, Inc. vs. Equinox Land Corporation, the Supreme Court ruled that a surety is solidarily liable with the principal obligor. Equinox terminated its contract with J’Marc Construction due to violations and delays. Prudential, as J’Marc’s surety, was held equally responsible for the obligations.

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