What are the liabilities of allen and barker and cooper

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Reference no: EM131389726

Allen, Barker, and Cooper are cosureties on a $750,000 loan by Durham National Bank to Kingston Manufacturing Co., Inc. The maximum liability of the sureties is as follows:

Allen-$750,000, Barker-$300,000, and Cooper- $150,000. If Kingston defaults on the entire $750,000 loan, what are the liabilities of Allen, Barker, and Cooper?

Reference no: EM131389726

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