Question

How can a contract of continuing guarantee be revoked by

Q: Answer-How can a contract of continuing guarantee be revoked by the surety?

Section 130 - A continuing guarantee may at any time be revoked by the surety, as to future transactions, by notice to the creditor. Section 131 - The death of the surety operates, in the absence of any contract to the contrary, as a revocation of a continuing guarantee, so far as regards future transactions

the surety?

A Mutually by the parties

B Death of surety

C By giving notice

D Either (b) or (c)

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How can a contract of continuing guarantee be revoked by

Solution