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CA Foundation doubt

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A contracts with B for a fixed price to construct a house for B within a stipulated time. B would supply the necessary material to be used in the construction. C guarantees A's performance of the contract. B does not supply the material as per the agreement. Is C discharged from his liabilities? The answer to this question is given in the module 'discharge of principal debtor' but this is the topic of 'creditor fails to perform his duty'?

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Asked by Ayush30 Dec 2024594 views

2 answers

  1. Mohamad · 30 Dec 2024

    Released*

  2. Mohamad · 30 Dec 2024

    The surety is discharged by any contract between the creditor and principal debtor by which the principal debtor is realised,or by any act or omission of the creditor,the legal consequences of which is discharge of the principal debtor Yes, C will be discharged from all liabilities

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