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CAF-4 · Chapter 11 · Question 7 of 10

A continuing guarantee may at any time be 'revoked' by the surety, as to future transactions, by:

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: A) Notice to the creditor.

Explanation

Section 130 allows a surety to revoke a continuing guarantee for 'future' transactions by giving notice to the creditor.

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