Legal Articles

Equitable Contribution: Promissory Notes, Contracts, Guarantees

Contribution is an equitable remedy that often arises between co-debtors. While contribution may generally applies where one or more individuals shares a common burden, the focus here is on a common between co-debtors/co-guarantors. Missouri District Telegraph Co. v. Southwestern Bell Telephone Co., 93 S.W.2d 19, 23 (Mo. 1935). Contribution is grounded in case precedent. Commercial Union Insurance…

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