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Question

A continuing guarantee may at any time be revoked ___________________

A By the surety, as to any transaction, by notice to the creditor Correct Answer Incorrect Answer
B By the surety, as to future transactions, by notice to the creditor Correct Answer Incorrect Answer
C By the creditor, as to future transactions, by notice to the principal debtor Correct Answer Incorrect Answer
D By the principal debtor, as to future transactions, by notice to the creditor Correct Answer Incorrect Answer
E By the very mutual consent or agreement of all the parties to the transaction Correct Answer Incorrect Answer

Solution

Section 130.   Revocation of continuing guarantee- A continuing guarantee may at any time be revoked by the surety, as to future transactions, by notice to the creditor.

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