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    Question

    What is the consideration in a contract of

    guarantee?
    A Anything done, or any promise made, for the benefit of the surety Correct Answer Incorrect Answer
    B Anything done, or any promise made, for the benefit of the creditor Correct Answer Incorrect Answer
    C Anything done, or any promise made, for the benefit of the principal debtor Correct Answer Incorrect Answer
    D Either a or b or c Correct Answer Incorrect Answer
    E All a b & c Correct Answer Incorrect Answer

    Solution

    Contract Act┬а Section 127. Consideration for guarantee: Anything done, or any promise made, for the benefit of the principal debtor, may be a sufficient consideration to the surety for giving the guarantee.

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