(DOWNLOAD) "Riverside Nat. Bank v. Manolakis" by Supreme Court of the State of Oklahoma " eBook PDF Kindle ePub Free
eBook details
- Title: Riverside Nat. Bank v. Manolakis
- Author : Supreme Court of the State of Oklahoma
- Release Date : January 29, 1980
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
1 The issues to be resolved on appeal are: [1] Do the provisions of 12 O.S. 1971 § 686, by which (upon creditors failure to seek deficiency judgment within 90 days after foreclosure sale) the principal debtors liability may be deemed terminated by fictional satisfaction of the mortgage debt, afford every guarantor the very same legal protection as that which is extended to the debtor? [2] If not, does the discharge of the principal debt and debtor by operation of § 686 operate, by force of law, ipso facto to exonerate the guarantor from his collateral obligation on the theory that the creditors failure to seek deficiency judgment constitutes an "intervention or omission" under 15 O.S. 1971 § 344? ?