?

Mane Bank lent Eller $120,000 and received securities valued
at $30,000 as collateral. At Mane’s request, Salem and Rey
agreed to act as uncompensated cosureties on the loan. The
agreement provided that Salem’s and Rey’s maximum liability
would be $120,000 each.
Mane released Rey without Salem’s consent. Eller later defaulted
when the collateral held by Mane was worthless and the
loan balance was $90,000. Salem’s maximum liability is