In Re Lennard; Lennard’s Trustee v Lennard

Subject Matter

SURETY — Principal and surety — Covenant to pay Annuity — Bankruptcy of principal Debtor — Proof by Annuitant for capital value of Annuity — Claim by Trustee in Bankruptcy against Executors of deceased Surety to principal Debtor's share of Residue — Right of Executors to indemnify Estate of Surety out of share — Claim by Executors to such right of indemnity in respect of sums expended by them in excess of balance owing to Annuitant.