Jack and Karin are cosureties on a debt owed by Lyle to Mike.If Lyle's debt becomes due and he and Karin both refuse to pay it,Jack may bring an action in equity against Karin to obtain an order requiring her to pay her share of the debt.

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As cosureties on the debt, both Jack and Karin are equally responsible for paying their share. If Lyle and Karin refuse to pay, Jack can seek an order from a court to compel Karin to pay her share of the debt. This is a common practice in cosurety situations.

Jack and Karin Are Cosureties on a Debt Owed by Lyle