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What Is Guarantor?

Answer»

A person who promises that if a SECOND FAILS to fulfill some OBLIGATION, then he will fulfill it instead or PAY money UPTO a specified limit to compensate for any loss caused by the second person’s failure

A person who promises that if a second fails to fulfill some obligation, then he will fulfill it instead or pay money upto a specified limit to compensate for any loss caused by the second person’s failure



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