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In case of co-sureties, release of one surety by the creditor:
  • a)
    amounts to discharge of other sureties
  • b)
    does not amount to discharge of other sureties
  • c)
    amounts to discharge of the surety so released vis-a-vis co-sureties as well
  • d)
    none of the above.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
In case of co-sureties, release of one surety by the creditor:a)amount...
Explanation:


  • Co-sureties: Co-sureties are individuals who together guarantee the same debt or obligation.

  • Release of one surety: When a creditor releases one surety from their obligation, it means that particular surety is no longer liable for the debt.

  • Does not amount to discharge of other sureties: The release of one surety does not automatically discharge the other co-sureties from their obligations.

  • Liability of other sureties: The remaining co-sureties are still bound by the guarantee they provided, and they continue to be responsible for the debt if the primary debtor fails to fulfill their obligation.


Therefore, in case of co-sureties, the release of one surety by the creditor does not amount to the discharge of other sureties. Each co-surety's liability is independent of the others, and they remain responsible for the debt until it is fully paid off.
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In case of co-sureties, release of one surety by the creditor:a)amounts to discharge of other suretiesb)does not amount to discharge of other suretiesc)amounts to discharge of the surety so released vis-a-vis co-sureties as welld)none of the above.Correct answer is option 'B'. Can you explain this answer?
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In case of co-sureties, release of one surety by the creditor:a)amounts to discharge of other suretiesb)does not amount to discharge of other suretiesc)amounts to discharge of the surety so released vis-a-vis co-sureties as welld)none of the above.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In case of co-sureties, release of one surety by the creditor:a)amounts to discharge of other suretiesb)does not amount to discharge of other suretiesc)amounts to discharge of the surety so released vis-a-vis co-sureties as welld)none of the above.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In case of co-sureties, release of one surety by the creditor:a)amounts to discharge of other suretiesb)does not amount to discharge of other suretiesc)amounts to discharge of the surety so released vis-a-vis co-sureties as welld)none of the above.Correct answer is option 'B'. Can you explain this answer?.
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