A person who gives the guarantee is called:

Option A: Bailee

Option B: Creditor

Option C: Debtor

Option D: Surety

Correct Answer

Option: d

Explanation

A person who gives the guarantee is called Surety. Section 126 of Contract Act, 1872 defines “Contract of guarantee”, “surety”, “principal-debtor” and “creditor”. The person who gives the guarantee is called the “surety”.

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