| (a) | - | B contracts to build a ship for C for a given sum, to be paid by instalments as the work reaches certain stages. A becomes surety to C for B's due performance of the contract. C, without the knowledge of A, prepays to B the last two instalments. A is discharged by the prepayment. |
| (b) | - | C lends money to B on the security of a joint and several promissory note made in C's favour by B, and by A as surety for B, together with a bill of sale of B's furniture, which gives power to C to sell the furniture, and apply the proceeds in discharge of the note. Subsequently, C sells the furniture, but, owning to has misconduct and wilful negligence, only a small price is realised. A is discharged from liability on the note. |
| (c) | - | Google Play store
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29 April 2026
Manager- Finance and ComplianceNaveen Fintech Pvt Ltd Kolkata CA Inter View Details |
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