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Continuing guarantee can be revoked by the surety as to FUTURE transactions by:
Answer & Solution
Correct answer: B.
1. Section 130 — continuing guarantee may be revoked as to future transactions by NOTICE TO THE CREDITOR.
2. It cannot be revoked for transactions already concluded.
3. Hence (A).
_Source: ICAI BoS CA Inter Paper 2 — Indian Contract Act 1872_