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The person, who gives the guarantee in a contract of guarantee is called:

The person who gives the guarantee is the surety. Under section 126, the person whose default is guaranteed is the principal debtor, while the person to whom the guarantee…

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The person, who gives the guarantee in a contract of guarantee is called:

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The person who gives the guarantee is the surety. Under section 126, the person whose default is guaranteed is the principal debtor, while the person to whom the guarantee is given is the creditor. These names identify the three distinct roles in the transaction.

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