Multiple choice

Which of the following statements is incorrect?

  1. Liability of surety and principal debtor is joint and several.

  2. Sometimes surety is liable not to the full extent as that of principal debtor.

  3. In contract of guarantee there can also be a surety.

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

Because all the above said statements are correct according to the Contract Act, 1872.

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