Q171
C, advances to B, his tenant Rs. 2,000 on the guarantee of A. C has also a further security for Rs. 2,000 by a mortgage of B's furniture. C cancels the mortgage. B becomes insolvent and C sues A on his guarantees.
A.
A is discharged from liability
B.
A is not discharged from liability
AnswerC.
B is not discharged from liability
D.
None of the above
Answer: Option B
Solution
Answer: Option B
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