Suretyship

The Roman law of suretyship was quite extensive. Not less than five forms of suretyship were employed at different times, but in Justinian's time the principal form in use was that known as fidejussio. The con- tract of suretyship was made by stipulation, though the principal debt might arise out of any form of contract or out of tort. The creditor would ask centum qua Titius mihi debet, eadem fide tua esse jubes? The surety (Fidejussor) replied fide mea esse jubeo. The surety bound both himself and his heirs. The contract of suretyship might be made after as well as before or at the time of the principal contract. Women were prohibited by- the Senatjis consultum Valleianum (A. D. 46) from becoming sureties.

The surety was bound to pay the creditor in case of the default of the principal debtor, but according to the earlier law the creditor could not sue the surety without first proceeding against the debtor. If the principal debtor was beyond the jurisdiction, the surety could not be sued. During the Empire this rule was changed so as to give the creditor the option of suing either the principal or the surety.

Justinian (Nov. 4, 1) restored the old rule with modifications by providing that if the principal debtor were within the jurisdiction he must be first sued or have made default, before the surety could be sued, except that bankers argentarii might first sue the surety, and if the principal were out of the jurisdiction, the surety might be sued.

If the surety paid the debt, he had a right of action (actio mandati) against the principal debtor for reimbursement. And the creditor was bound to turn over to the surety all the rights in rem, such as pledges (pignora) and mortgages (hypotheca) he held over the property of the debtor or others securing the debt. But if these rights were also held to secure other debts, he could not be compelled to surrender them until all the debts were discharged. (Hunter, 569.)

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Curators

The Several Kinds of Tutors

Nexum