Property itself may be said to occupy the position of a surety, where it is pledged by the one owning the same, as security for the default of another person.18 Where one member of a partnership pledges his own property for the payment of the firm debts, here the property is in the situation of a surety, and as against those who claim an interest in the property, the creditor must observe the rights of the surety.18

13 107 I11., 241.

14 Ayers vs. Dixon, 78 N. Y., 318;

Smith vs. Sheldon, 35 Mich., 42.