Examveda
Examveda

C, advances to B, his tenant Rs. 2,000 on the guarantee of A. C has also a further security for Rs. 2,000 by a mortgage of B's furniture. C cancels the mortgage. B becomes insolvent and C sues A on his guarantees.

A. A is discharged from liability

B. A is not discharged from liability

C. B is not discharged from liability

D. None of the above

Answer: Option B


This Question Belongs to Law >> Indian Contract Act

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