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Can one tax payer give security for 2 person in agreement bond


23-Dec-2023 (In Labour & Service Law)
Can one taxpayer give sureties for 2 person for service agreement bond.
Answers (1)

Answer #1
880 votes
Surety is given to ensure that the person entering into any agreement does not default and if does than surety will make good the loss. One person can act as a surety only for one person and not more than one.

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