Transmitting Debtor's Obligation on Sponsor after Sponsorship
Issue No.1977- After a person stands surety to repay a debtor’s debts, he becomes responsible for the debt, and the debtor will be free of any obligation. In case however, the guarantor has stood surety at the request of the debtor, whenever the guarantor pays the debt, he can claim it from the former debtor. There is another kind of surety in which a person gives a guaranty and says: "If the debtor does not repay your debt I shall pay it"; this kind of surety is also in order. In fact, most of the sureties that take place in banks or against loans are of this kind. (The first type of the surety is called transference of liability from one individual to another, and the second one is called addition of one obligation to another, and both of them are in order.)
