Question: A Answer ALL the questions in this section. Question 1 [100 Marks] (30 Marks) A suretyship is an accessory contract by which one person undertakes

A Answer ALL the questions in this section. Question 1 [100 Marks] (30 Marks) A suretyship is an accessory contract by which one person undertakes liability for another's debt or financial obligations. You may have been approached by a friend to act as their surety/guarantor for a loan that they wish to take out. 1.1. In consideration of this decision you would need to understand the duties and rights that a surety would have. Explain the rights and duties of a surety. (10 Marks) 1.2. Discuss the following rights of surety and provide support for your answer with examples: (20 Marks) 1.2.1. Benefit of excussion. 1.2.2. Benefit of division amongst co-sureties. 1.2.3 Right of recourse against co-sureties

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