Question 2

Question

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

Answer 1

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.