Choose which of the following statements is/are CORRECT regarding when a surety may be released...
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Accounting
Choose which of the following statements is/are CORRECT regarding when a surety may be released from his obligations under a deed of surety: O The principal debt prescribed because the credit failed to claim the amounts due timeously. The principal debtor pays the amounts owed to the creditor. O The principal debtor squanders his wealth because he knows the surety will be held liable to pay off his outstanding debts. All statements are correct. O The creditor gives the debtor an additional R50 000 in credit without informing the surety
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