CAF-4 · Chapter 11 · Question 8 of 10
The death of the surety operates as a 'revocation' of a continuing guarantee, so far as regards 'future' transactions:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Unless there is a contract to the contrary.
Explanation
Section 131 states that death revokes a continuing guarantee for future transactions unless the contract provides otherwise.
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