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?

Question

Quizplus · Accepted Answer

Pasquale can recover $25,000 from Paul under the concept of contribution. Since both were equally responsible for the debt, after Pasquale paid $50,000, he is entitled to seek half of that amount from Paul to ensure both sureties share the burden equally.

Pasquale and Paul Were Sureties on the Debt of Rose