In contract of guarantee the person at whose place guarantee given is called __________________?
Correct answer: C. Principal debtor
- A. Surety holder
- B. Both (a) and (b)
- C. Principal debtor
- D. None of above
Explanation
A guarantee is given in respect of the default of the principal debtor, whose promise or liability the surety undertakes to perform or discharge. The creditor is the person to whom the guarantee is given, not an option listed here.
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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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