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Eduncle Asked an Mcq
March 2, 2020 12:11 pm

Given below are two statements. One is labelled as Assertion (A) and the other is labelled as Reason (R) :
    Assertion (A) : The liability of the surety is co-executive and it can not go beyond the terms of guarantee
    Reasons (R) : The rights and liabilities of a surety and borrower are different and distinct and everything depends upon its terms of guarantee
    In the light of the above two statements choose the correct option :

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  • Eduncle Best Answer

    Both the Statements are true and (R) is the correct explanation of (A).

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