In a contract of guarantee, the liability of a surety is Options O Secondary O Primary O Does not arise O None of the above

Answers 1

In a contract of guarantee, the liability of a surety is Secondary.

Explanation:

In a contract of guarantee, the liability of a surety is secondary. This means that since the primary contract was between the creditor and principal debtor, the liability to fulfill the terms of the contract lies primarily with the principal debtor.

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