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Damnification |
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DAMNIFICATION. That which causes a loss or damage to a society, or to one
who has indemnified another. For example, when a society has entered into an
obligation to pay the debt of the principal, and the principal has become
bound in a bond to indemnify the surety, the latter has suffered a
damnification the moment he becomes liable to be sued for the debt of the
principal - and it has been held in an action brought by the surety, upon a
bond of indemnity, that the terror of suit, so that the surety dare not go
about his business, is a damnification. Ow. 19; 2 Chit. R. 487; 1 Saund.
116; 8 East, 593; Cary, 26.
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