Question

Q1 â€æ The liability of a surety is secondary and co-extensive with that of principal debtor.â€.
Comment [10 Marks]​

Answer 1

Answer:

Surety's liability:

The liability of the surety is co-extensive with that of the principal debtor, unless it is otherwise provided by the contract. ... It means that on a default having been made by the principal debtor the creditors can recover from the surety all what he could have recovered from the principal debtor.