Multiple choice

A surety may be discharged from liability

X. by notice of revocation of guarantee Y. on the failure of payment by the principal debtor Z. if the creditor does any act which is against the rights of the surety

  1. X and Y

  2. Y and Z

  3. X and Z

  4. X, Y and Z

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Surety cannot be discharged from liability if the principal debtor fails to make the payment. In such a case, surety becomes liable to pay in place of principal debtor.