1. Home
  2. Browse Decisions
  3. S.E.2d
  4. 468 S.E.2d
  5. 468 S.E.2d 17 (1996)
 

COURSON v. SIMPSON

Record No. 951295.

468 S.E.2d 17 (1996)

Herman L. COURSON, et al. v. Margaret N. SIMPSON, Trustee, et al.

Supreme Court of Virginia.

March 1, 1996.

Attorney(s) appearing for the Case

Stuart A. Raphael McLean (Hunton & Williams, on briefs), Richmond, for appellants.

Kelly R. Dennis, McLean (Haas & Dennis, on brief), for appellees Christopher Nicoll, Lynne Fuller, as and for Estate of Robert C. Nicoll.

Jack S. Rhoades, Alexandria (Cake, Rhoades & Schewe, on brief), for appellees Margaret N. Simpson and Gordon P. Peyton.

Present: CARRICO, C.J., COMPTON, STEPHENSON, LACY, KEENAN, and KOONTZ, JJ., and COCHRAN, Retired Justice.

KEENAN, Justice.

In this appeal, we consider whether a surety was discharged from its obligation by Code §§ 49-25 and -26,1 after giving written notice to the creditor to institute suit against a debtor corporation which the surety concedes was insolvent.

In 1981, Springfield Associates, Inc. borrowed $28,460.50 from a trust established by the estate of Robert C. Nicoll (the Nicoll trust). The loan was secured by a deed...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases