Assertion (A): The liability of the surety iscoextensive with that of the principal debtor unlessit is otherwise provided by the contract. Reason (R):Any variance - made without the surety's consent - inthe terms of the contract between the principaldebtor and the creditor - discharges the surety as totransactions subsequent to variance. Codes:

🎲 Try a Random Question  |  Total Questions in Quiz: 2434  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Public Prosecutor Exam Important Practice Questions — practice the complete quiz, review flashcards, or try a random question.


Assertion (A): The liability of the surety iscoextensive with that of the principal debtor unlessit is otherwise provided by the contract. Reason (R):Any variance - made without the surety's consent - inthe terms of the contract between the principaldebtor and the creditor - discharges the surety as totransactions subsequent to variance. Codes:






ADVERTISEMENT