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The guarantor's right to indemnifications a right to be reimbursed.
Statement I The amount which is actually paid for the principal debtor with interest.
Statement II Because, he is entitled to full indemnification from the principal debtor.

The guarantor's right to indemnifications a right to be reimbursed.
Statement I The amount which is actually paid for the principal debtor with interest.
Statement II Because, he is entitled to full indemnification from the principal debtor. Correct Answer Both statements are true

Related Questions

Rajeev visited an electronic gadgets store to buy Mobile phones and Laptops. He purchased 2 mobile phones and 1 laptop. For this purchase, he paid full amount of the Mobile phones but only one-third of the amount of the Laptop. In total he paid Rs. 60,000. After a week, he visited the store again and purchased 3 Mobile phones and 2 Laptops. For this purchase, he paid full amount of the Laptops but only two-third of the amount of the Mobile phones. This time he paid Rs. 1,10,000 in total. What amount he should pay if he purchase 1 Mobile phone and 1 Laptop only and pays full amount for both ?
Three workers X, Y and Z, are paid a total of Tk.5,500 for particular jobs. X paid 133.33% of the amount paid to Y and Y is paid 75% amount paid to Z.How much is paid to Z?
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Election was held to select the chairman of the governing council of ICC. The result of the election indicated that 25% of the people voted for Ravi and the rest voted for Sunil. Later it was discovered that the voting machine was faulty and 20% of the people whose votes were recorded in favour of Ravi had actually voted for Sunil and 50% of the people whose votes were recorded in favour of Sunil had actually voted for Ravi. If the difference between the people who actually voted for Ravi and those who actually voted for Sunil was 3,00,000, how many people actually voted for Ravi?
A, B, C and D bought a motorbike for Rs.60,000. A paid one half of the sum of the amounts paid by the other three. B paid one third of the sum of the amounts paid by the other three and C paid one fourth of the sum of the amounts paid by other three. How much did D has to pay?
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Aman took a loan of amount Rs. 6000 from the bank at 5% per annum at SI. He pays the amount in 4 instalments out of which first three instalments are 1/4th of the principal amount and the rest amount is paid in last instalment. Find the amount paid by Aman in the last instalment.
An advocate who is accused-
1. Of a criminal offence is entitled to conduct his own defence
2. Of a criminal offence is not entitled to conduct his own defence
3. With others of a criminal offence is not entitled to appear at the trial as counsel for his co-accused
4. With others of a criminal offence is entitled to appear at the trial as counsel for his co-accused
Read Assertion (A) and Reason (R) and give the correct answer with the help of given below:
Assertion (A): The surety has no right to restrain execution against him until the creditor exhausted all his remedies against the Principal Debtor.
Reason (R): The Liability of the surety is co-extensive with that of the Principal Debtor, unless it is otherwise provided by contract.