Subsuretyship Law and Legal Definition
Subsuretyship refers to an arrangement between two or more sureties. In a subsuretyship, a principal surety bears the burden of whole performance that is due from both sureties. Under subsuretyship, one surety acts as a surety for another.
The following is an example of a case law defining subsuretyship :
Subsuretyship is the relation between two or more sureties who are bound to answer for the same duty of the principal where one, the principal surety, in respect of the other, the subsurety, has the whole duty of performance. [Cook v. Crabtree, 1986 Tenn. App. LEXIS 2867 (Tenn. Ct. App. Mar. 19, 1986)].
