150 South Pine Island Road, Suite 105
Ft. Lauderdale, Florida 33324
Phone: (954) 370-1681
Facsimile: (954) 370-1682
2323 Wooster Lane, Unit 1
Sanibel, Florida 33957
Phone: (239) 472-3315
Facsimile: (239) 472-3101
The Cornerstone of Our Practice is Suretyship!
At Etcheverry Harrison LLP, we provide our clients with exceptional quality legal representation. As a boutique firm with coverage throughout Florida and Puerto Rico, Etcheverry Harrison LLP offers the skills, resources and technology of a large firm, but, as a small firm, furnishes our clients with undivided personal attention in a cost effective and enthusiastic manner.
As a recognized leader in the surety industry, the Florida Supreme Court turned to Etcheverry Harrison LLP to define the scope of a suretyship relationship as:
. . . a contractual tripartite relationship in which one party (the surety) guarantees to another party (the obligee) that a third party (the principal) will perform a contract in accordance with its terms and conditions. The surety promises the obligee to answer the debt, default, or miscarriage of the principal. Suretyship is a form of guaranty. In exchange for a premium, the surety lends its financial strength and credit to the principal on the condition that, if the surety has to satisfy the principal's debt or default, the principal will indemnify the surety for its losses and expenses. In essence, the surety becomes the guarantor of the principal's ability to perform its obligations to the obligee.
Edward Etcheverry, Rights and Liabilities of Sureties, in Florida Construction Law and Practice at 8-7 (5th ed.2006).
Dadeland Depot, Inc. v. St. Paul Fire and Marine Ins. Co. 945 So.2d 1216 (Fla. 2006).