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Under Section 130, a continuing guarantee may be revoked by the surety as to:
AOnly transactions already completed
BNothing once given
CAll past and future transactions
DFuture transactions only, by notice to the creditor
Answer & Solution
Correct answer: D. Future transactions only, by notice to the creditor
Section 130 lets the surety revoke a continuing guarantee for future transactions by notice; he remains liable for transactions already entered into.
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