Multiple choice

What is the objective of contract of guarantee?

  1. To provide additional security to the principal debtor

  2. To provide additional security to the creditor

  3. To provide additional security to the surety

  4. To provide additional security both to the principal debtor and creditor
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Objective of contract of guarantee is to provide additional security to the creditor.

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