Question: SECTION C [ 2 0 MARKS ] Read the below scenario and answer ALL the questions that follow. Bongani, as principal debtor, takes out a

SECTION C [20 MARKS]
Read the below scenario and answer ALL the questions that follow.
Bongani, as principal debtor, takes out a home loan with ABC Bank for R2 million. Bonganis sisters, Simphiwe
and Nomvula, agree to stand in as his sureties and they sign suretyship agreements with ABC bank for
Bonganis home loan.
QUESTION 3.1(10 Marks)
Discuss the FIVE (5) rights Simphiwe has as a surety to the agreement.

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