Business Studies, asked by hameedbao23, 4 months ago

Mr. Muneeb stands as surety of his brother Akhtar in the contract of debt of Rs.5,00,000/ with the Allied bank Ltd. Akhtar started invested money in the risky trade hence Muneeb determined to be discharged from the liability of the contract between Akhtar and the bank. Draft a lawful instrument to discharge his liability explaining the terms and conditions of the contract of Akhtar. Explain the mode of discharge separately.

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Answered by bmehar1981
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