Business Studies, asked by 8984235915s, 1 year ago

who is surety? what are his rights?

Answers

Answered by nidhi2620

Explanation:

Rights and Discharge of Surety. A contract of guarantee refers to a contract to perform the promise or discharge the liability of a third person in case of any default by him. Surety is the person giving the guarantee. ... The person to whom the surety gives the guarantee is the Creditor.

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