A surety may be discharged from liability : X. By notice of revocation of guarantee Y. On the failure of payment by the main creditor. Z. If the creditor does any act which is against the rights of the surety. Correct op

CS CSEET · Business Environment and Entrepreneurship & Business Management, Ethics and Communication · PYQS · December 2013

A surety may be discharged from liability : X. By notice of revocation of guarantee Y. On the failure of payment by the main creditor. Z. If the creditor does any act which is against the rights of the surety. Correct option is —

(A) X and Y

(B) Y and Z

(C) X and Z

(D) X, Y and Z.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) X and Z.

Topics: Business Laws

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A surety may be discharged from liability : X. By notice of revocation of guarantee Y. On the failure of payment by the main creditor. Z. If the creditor does any act which is against the rights of the surety. Correct op

Answer & Explanation:

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