alleryA guarantee obtained by the creditor by misrepresenting or concealing a material part of the transaction is:
AValid to the extent of half
BInvalid (Sections 142 and 143)
CValid and binding
DVoidable only by the principal debtor
Answer & Solution
Correct answer: B. Invalid (Sections 142 and 143)
Sections 142 and 143 make a guarantee invalid where the creditor obtains it by misrepresentation, or by keeping silent on material circumstances.
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