Question

A surety may be discharged form liability :
X. By notice of revocation of guarantee.
Y. On the failure of payment by the main creditor.
Z. If the creditor does any act which is against the right of the surety.

• A. X and Y
• B. Y and Z
• C. X and Z
• D. X,Y and Z.

Answer 1

Answer: (C)

X and Z

Discharge of surety

• Surety will be free from the responsibility by giving a notice to the creditor
• by death of the surety
• if debtors and the creditors after entering into a contract change the contract without the consent of the surety
• when creditor discharges the debtors from the liability
• if the debtors and the creditor enter into a composition
• if creditor does something which diminishes the right : of the surety , which reduce right of the surety
• when creditor gives more time to the debtor.