Cal. Civil Code § 2854 : Suretyship — California Civil Code — Obligations — Position Of Sureties — Creditor entitled to benefit of everything received by surety from debtor

Current through the 2016 Legislative Session

A creditor is entitled to the benefit of everything which a surety has received from the debtor by way of security for the performance of the obligation, and may, upon the maturity of the obligation, compel the application of such security to its satisfaction.