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Get Answers to all your Questions
Contract of guarantee involves
Option: 1
Surety
Option: 2
Principal Debtor
Option: 3
Creditor
Option: 4
All of the above
Answers (1)
As stated in Section 126 of the Contract Act, a contract of guarantee has three parties: the surety, the principal debtor, and the creditor. Hence correct option is d.
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