Is a co-surety voluntarily discharging the principal obligation on a loan?
Ontario, Canada
The following excerpt is from Can-Win Leasing (Toronto) Limited v. Moncayo, 2014 ONCA 689 (CanLII):
Manu v. Shasha was not a case of a co-surety voluntarily discharging the principal obligation without any antecedent demand by the creditor and, in my view, it has no application to this case.
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