difference between bailment and guarantee.?explain the rights and duties of the surety .
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What is the difference between a surety and a guarantee?
A surety's undertaking is an original one, by which he becomes primarily liable with the principle debtor, while a guarantor is not a party to the principal obligation and bears only a secondary liability.”
2 Stated somewhat differently, the distinction between a suretyship and guaranty is that “a surety is in the first.
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