

McqMate
Q. |
Which one of the following is not the feature of the Contract of Guarantee? |
A. | There are two parties in this contract. |
B. | The liability of surety is secondary. |
C. | There is an existing debt for which the surety gives guarantee to the creditor on behalf of the principal debtor. |
D. | The surety gives contract at the request of the principal debtor. |
Answer» C. There is an existing debt for which the surety gives guarantee to the creditor on behalf of the principal debtor. |
View all MCQs in
Laws and EthicsNo comments yet