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A surety can be discharged from his liability by -----
By Notice
By Novation
By his Death
All the above
- Discharge by Notice
- Generally, a surety cannot unilaterally discharge his liability just by giving notice.
- Exceptions might occur where a termination is contractually allowed.
- Discharge by Novation
- When there is a mutual agreement to replace the old contract with a new one.
- This can discharge the surety's obligations.
- Discharge by Death
- A surety's death does not automatically discharge his liability.
- The estate might still be liable for obligations prior to the death.
- All the Above
- The surety can be discharged through these ways, but specific conditions apply.
All the Above (Option 4)
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By: santosh ProfileResourcesReport error
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