The surety must be competent to contract. The debtor need not be competent.
What about the Creditor? Does he need to be competent?
Aman Mahajan
CA Inter
★ 18K+
26-Jan-21 17:46
10
Answers (4)
Best Answer
Simple, the guarantee contract is between creditor and surety....so to become a valid contract , parties entering into contract should be competent. Debtor need not be competent.