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AIBE 11 PYQ • AIBE 11 PYQ
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Which of the following is not an essential of a contract of guarantee

1.
Concurrency of three parties
2.
Surety's distinct promise to answerable
3.
Liabilities to be legally enforceable
4.
Existence of only one contract

Answer (Detailed Solution Below)

✓
Option 4 : Existence of only one contract (Option D)
📌 Key Points & Important Facts:
Official answer is Option (D) as per AIBE 11 official answer key[cite: 8, 9].
Exam PaperAIBE 11 PYQ
SectionAIBE 11 PYQ
Total Marks100 Marks
Negative MarkingNONE Marks
Duration210 Mins
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