Pasquale and Paul were sureties on the debt of Rose. Each had a $100,000 responsibility. Upon Rose's default, Pasquale paid $50,000 to the creditor. How much may Pasquale recover from Paul under the concept of contribution?

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Quizplus · Accepted Answer

Pasquale and Paul are co-sureties, each responsible for $100,000. Pasquale paid $50,000, which is half of his obligation. Under contribution, Paul should pay half of what Pasquale paid, which is $25,000.

Pasquale and Paul Were Sureties on the Debt of Rose