Central Bank refused to lend Gaines $3,000 unless Bronson, his father-in-law, agreed to act as surety. Bronson agreed. When Gaines was unable to repay the loan, the bank contacted Bronson. Bronson refused to pay, claiming that the bank must first sue Gaines to collect the money. Is Bronson correct?
No. In a suretyship, if the debtor defaults, the creditor may look to the surety without first having to sue the debtor.
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