Q102
What happens to a continuing guarantee in case of surety's death?
A.
Indemnification from the property of the surety with regard to future transactions
B.
Revocation of the continuing guarantee with regard to future transactions
AnswerC.
The continuing guarantee shall continue in the name of the surety's heirs
D.
The continuing guarantee shall be continued by any other person
Answer: Option B
Solution
Answer: Option B
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