Question
Legal Studies Question on Laws of Contract
'A surety's liability can be discharged only by release of principal debtor'. Pick the appropriate option/s in relation to the given statement from the following:
A
The above statement is partially true
B
The liability of surety can also be discharged by his death, revocation, variance, release of principal debtor, composition, extension of time and promise not to sue.
C
Both (a) and (b)
D
The statement is true.
Answer
Both (a) and (b)
Explanation
Solution
The correct option is (C): Both (a) and (b)