What is the effect of reservation rights against sureties?

Ontario, Canada


The following excerpt is from Stratford Fuel Ice (Re), 1913 CanLII 18 (ON CA):

The reservation of rights against the sureties leaves the debt alive, and the surety could sue the debtor: Kearsley v. Cole, 16 M. & W. 128; Green v. Wynn, L.R. 4 Ch. 204.

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