Multiple Choice
Discharge of a surety occurs:
A) if the creditor extends the time of the debt with the consent of the surety.
B) if the creditor continues to hold the collateral security of the debtor.
C) in case of any reduction in the rate of interest.
D) in the case of return of collateral security to the debtor.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: A material change in the terms of
Q8: Most contracts of surety need not be
Q9: A party who has primary liability is
Q10: A security agreement contains the terms of
Q11: If a creditor damages collateral security given
Q13: Explain the right of subrogation of
Q14: A party who undertakes to be responsible
Q15: Which of the following is a requirement
Q16: is/are items of personal property so securely
Q17: When the rights of a seller to