In contract of guarantee the person at whose place guarantee given is called ________?

804Active Users

804Active Users

245Judiciary and LawMedium

APrincipal debtor

BSurety holder

CBoth (a) and (b)

DNone of above

Correct answer

A. Principal debtor

Explanation

The correct answer is Principal debtor.

In contract of guarantee the person at whose place guarantee given is called ________? - Answer and Explanation | Academy of Pakistan