benefit of discussion

benefit of discussion. Civil law. A guarantor’s right to require a creditor to seek payment from the principal debtor before seeking payment from the guarantor.

— Also termed (in French law) bénéfice de discussion; (in Scots law) right of discussion. [Cases: Guaranty 42(1), 45, 77(2).]

“Benefit of Discussion. By common law a cautioner, bound simply as such, had right to insist that the creditor should discuss the principal debtor, that is, exhaust his estate by diligence, before coming upon him for payment of the debt.” William K. Morton & Dale A. Whitman, Manual of the Law of Scotland 299 (1896).

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词条贡献者

法律翻译Bryan，毕业于新加坡知名法学院，专注翻译各类与私募股权有关的法律文件。