The liability of sureties in co-extensive with the liability of princi

Question

The liability of sureties in co-extensive with the liability of principal debtor. Discuss

17 Oct 2021

Answer :

Word Count : 281

In business law, the liability of sureties is a crucial aspect of contractual relationships, particularly in the context of guarantees and suretyship agreements. The principle that "the liability of sureties is co-extensive with the liability of the principal debtor" is a fundamental rule governing the obligations of sureties.

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