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Commerce · Q467

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 467

Q467

The guarantor's right to indemnifications a right to be reimbursed. Statement I The amount which is actually paid for the principal debtor with interest. Statement II Because, he is entitled to full indemnification from the principal debtor.

A.
Statement I is true, but Statement II is false
B.
Statement I is false, but Statement II is true
C.
Both statements are true
Answer
D.
Both statements are false

Answer: Option C

Solution

Answer: Option C
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