Question
Question 2
Which one of the following statements is incorrect?
1 In a contract of suretyship there is an agreement
by which the surety renders himself liable toward
a creditor for the proper compliance of the
obligations of a debtor.
2 A contract of suretyship is accessory to the
principal obligation between the debtor and the
creditor
3 The surety may not render himself liable for less
than the principal debt
4 In a contract of suretyship there are actually two
debtors, namely the debtor in the first agreement
and the debtor in the contract of surety
Which one of the following statements is incorrect?
1 In a contract of suretyship there is an agreement
by which the surety renders himself liable toward
a creditor for the proper compliance of the
obligations of a debtor.
2 A contract of suretyship is accessory to the
principal obligation between the debtor and the
creditor
3 The surety may not render himself liable for less
than the principal debt
4 In a contract of suretyship there are actually two
debtors, namely the debtor in the first agreement
and the debtor in the contract of surety
Answers
GPT 3.5
The statement that is incorrect is:
4. In a contract of suretyship there are actually two debtors, namely the debtor in the first agreement and the debtor in the contract of surety.
In a contract of suretyship, there are two parties involved - the principal debtor (the one who owes the debt) and the surety (the one who guarantees the debt). The surety is not considered a debtor, but rather someone who assumes liability for the debtor's obligations.
4. In a contract of suretyship there are actually two debtors, namely the debtor in the first agreement and the debtor in the contract of surety.
In a contract of suretyship, there are two parties involved - the principal debtor (the one who owes the debt) and the surety (the one who guarantees the debt). The surety is not considered a debtor, but rather someone who assumes liability for the debtor's obligations.