Which of the following statement is true?
A. There are three parties in a contract of a guarantee
B. The liability of the surety is co- extensive with that of the principal debtor
C. A creditor is not bound to proceed against the principle debtor
D. All of the above
Answer:D
Which of the following statement is true?
A. There are three parties in a contract of a guarantee B. The liability of the surety is co- extensive with that of the principal debtor C. A creditor is not bound to proceed against the principle debtor D. All of the above