Business Studies, asked by thesahoo, 2 months ago

''the liability of surety is co-extensive wiyh that of the ptrincipalk debtor.''explain

Answers

Answered by pranav25790560
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Answer:

Surety's liability:

Explanation:

The liability of the surety is co-extensive with that of the principal debtor, unless it is otherwise provided by the contract. The provision that the surety's liability is coextensive with that of the principal debtor means that his liability is exactly the same as that of the principal debtor.

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