Suretyship

Welcome to the Suretyship category of Questions LLC! Whether you are a business owner, contractor, or someone seeking financial support for an obligation, this category is designed specifically for you. Suretyship refers to a legal agreement where a third party, called a surety, guarantees the performance or payment of another party, known as the principal. Here, you will find a wealth of information and expert insights on different aspects of suretyship. From understanding the rights and responsibilities of each party involved to exploring the benefits and potential risks, our community is here to help answer your questions. So dive into the Suretyship category and expand your knowledge on this important concept in the world of finance and business.

Questions (7)

Which ONE of the following statements is CORRECT?1. The surety may not rely on defects in the liability of the principal debtor,

3 answers
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40 views

Which of the following is correct?1 A contract of suretyship will be void if it is not signed by or on behalf of the principal

5 answers
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56 views

Question 4S buys a car for R 20 000 from J. S’s friend, Lebo, enters into a contract of suretyship with J to secure S’s debt

3 answers
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82 views

Maria borrowed R2 000 from Sipho. Beatrice and Shaunsigned as sureties for Maria’s liability to Sipho. Beatrice signed as

3 answers
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53 views

Question 2Which one of the following statements is incorrect? 1 In a contract of suretyship there is an agreement by which the

3 answers
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65 views

What is cession in the context of suretyship

3 answers
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20 views

Mr Rich comes to see you. You’ve been his attorney for many years and you’ve established trust with your client, so whatever

3 answers
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58 views