Multiple choice

What type of liability is possessed by surety?

  1. Same as that of principal debtor

  2. Not same as that of principal debtor

  3. Same as that of creditor

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

According to Sec-128 of the Contract Act, 1872 surety's liability is co-extensive with that of principal debtor.

Keep practicing — related questions