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What Is Guarantor? |
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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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