Multiple choice

Which of the following statements is incorrect?

  1. The liability of the surety is co-extensive with that of the principal debtor.

  2. A suit against the surety without even impending the principal debtor is maintainable.

  3. It is not open to the surety to place a limit upon his liability.

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the contract of gurantee, the surety, who put his steps into the shoes of principal debtor, cannot place a limit upon his liability.

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