Q20
The limitation for filing a suit, by a surety, against the principal debtor, would be 3 years from the date on which:
A.
The amount became payable to the creditor
B.
The amount was paid by the surety to the creditor
AnswerC.
The refusal, by the principal debtor to pay the amount on notice being by the surety
D.
The date of demand, by the creditor, for payment thereof, to the debtor, or the surety, whichever is earlier
Answer: Option B
Solution
Answer: Option B
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