Q294
One of the following statements is wrong. Find out that Wrong statement.
A.
In a contract of guarantee the liability of the surety is primary
AnswerB.
In a contract of indemnity only there is one contract
C.
In a contract of guarantee there is an existing debt
D.
In a contract of indemnity the indemnifier can sure upon only the indemnity holder
E.
In a contract of guarantee the surety after the discharge of dept proceed against the principal debtor
Answer: Option A
Solution
Answer: Option A
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