Mrs Solly signed as a surety for her nephew that wanted to starta panel beating company. Mrs Solly’s nephew has being lying abouthis business doing poorly and continuously borrows money from MrsSolly. Due to this lie, Mrs Solly does not want to fulfil herobligations in terms of the Suretyship Agreement. Legally adviseMrs Solly on the following:
1.1 The nature of a Surety Agreement
1.2 The benefits available to a Surety
1.3 The various ways in which a Surety Agreements may beterminated
