What is the current state of the law in England and Wales on the basis of suretyship?
Manitoba, Canada
The following excerpt is from QK Investments Inc. v. Crocus Investment Fund et al., 2008 MBCA 21 (CanLII):
56 Indeed, the English courts have recently confirmed that “suretyship is probably the paradigm relationship in which subrogation has historically been held to arise.” See Conquest v. McGinnis, [2007] EWHC 2943 at para. 28 (Ch.).
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