What does Surety mean ?

What does Surety mean ?
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1 Answer

Answer :

Surety means bail.
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Related questions

What does it mean when I see a comment on my Car Tital like *This title was issued on the basis of a surety bond and my be subjest to undisclosed liens, security interests, salvage, odometer reading discrepancy or other contitions.?

Description : What does it mean when I see a comment on my Car Tital like *This title was issued on the basis of a surety bond and my be subjest to undisclosed liens, security interests, salvage, odometer reading discrepancy or other contitions.?

Last Answer : This is typically a common statement printed on all titles and may not apply to yours. However if it does apply, it's states that there may be a secondary "owner" such as a loan company whom has a lien on the vehicle.

If a payee of the VPMO (sender of the VP article) for Rs 400/- is deceased, then the VPMO should be a) Returned to the addressee of the VP article b) paid to the claimant in the presence of alliterate witness c) Returned to Audit office as unpaid d) Paid to the claimant after obtaining indemnity bond with one surety

Description : If a payee of the VPMO (sender of the VP article) for Rs 400/- is deceased, then the VPMO should be a) Returned to the addressee of the VP article b) paid to the claimant in the ... witness c) Returned to Audit office as unpaid d) Paid to the claimant after obtaining indemnity bond with one surety

Last Answer : d) Paid to the claimant after obtaining indemnity bond with one surety

In contract of guarantee, the person in respect of whose default the guarantee is given, is known as: A. Creditor B. Surety C. Principal debtor D. Debtor

Description : In contract of guarantee, the person in respect of whose default the guarantee is given, is known as: A. Creditor B. Surety C. Principal debtor D. Debtor

Last Answer : C. Principal debtor

In contract of guarantee, the person to whom guarantee is given is known as: A. Creditor B. Surety C. Principal debtor D. Debtor

Description : In contract of guarantee, the person to whom guarantee is given is known as: A. Creditor B. Surety C. Principal debtor D. Debtor

Last Answer : A. Creditor

The person who gives the guarantee is called a) A surety b) Guarantee c) Competent d) creditor

Description : The person who gives the guarantee is called a) A surety b) Guarantee c) Competent d) creditor

Last Answer : a) A surety

A continuing guarantee may at any time be revoked by the surety as to future transactions by giving a ____ to the creditor. a) By notice b) By Oral c) By death of surety ` d) none of these

Description : A continuing guarantee may at any time be revoked by the surety as to future transactions by giving a ____ to the creditor. a) By notice b) By Oral c) By death of surety ` d) none of these

Last Answer : a) By notice

In case of Contract of guarantee, if the creditor loses or parts with any security which the debtor provides him at time of contract, the surety is discharged to the extent of (a) The value of the security (b) The surety can be fully discharged (c) The surety can claim damages (d) All of the above

Description : In case of Contract of guarantee, if the creditor loses or parts with any security which the debtor provides him at time of contract, the surety is discharged to the extent of (a) The value of the security (b) The surety can be fully discharged (c) The surety can claim damages (d) All of the above

Last Answer : (a) The value of the security

Which is not the case of discharge of surety (a) By notice of revocation (b) By death of surety (c) If creditor releases the principal debtor (d) None of the above

Description : Which is not the case of discharge of surety (a) By notice of revocation (b) By death of surety (c) If creditor releases the principal debtor (d) None of the above

Last Answer : (d) None of the above

In case of contract of guarantee, what is the liability of the surety against the principal debtor (a) Primary (b) Secondary (c) No liability (d) Fully liable

Description : In case of contract of guarantee, what is the liability of the surety against the principal debtor (a) Primary (b) Secondary (c) No liability (d) Fully liable

Last Answer : (b) Secondary

Reasoning by analogy leads to (A) certainty (B) definite conclusion (C) predictive conjecture (D) surety

Description : Reasoning by analogy leads to (A) certainty (B) definite conclusion (C) predictive conjecture (D) surety

Last Answer : (C) predictive conjecture