A continuing guarantee may at any time be revoked by the surety as to future transaction by giving notice to ________________?
Correct answer: A. The creditor
- A. The creditor
- B. Principal debtor
- C. Without giving any notice to any person
- D. None of above
Explanation
Section 130 allows a surety to revoke a continuing guarantee for future transactions by giving notice to the creditor. The revocation does not generally undo liability for transactions already completed.
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Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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