Paulus owes money to Paul. The full amount of the debt is secured by a suretyship contract in which Evert is the surety; and also by a cession to Paul of Paulus's right to receive payment from Ryan. Which ONE of the following statements is INCORRECT?

Question

Paulus owes money to Paul.  The full amount of the debt is secured by a suretyship contract in which Evert is the surety; and also by a cession to Paul of Paulus's right to receive payment from Ryan. Which ONE of the following statements is INCORRECT?

Answer

Paulus may cede to Evert his right to receive payment from Ryan.

Answer

Evert is not entitled to the benefit of division if Paul attempts to recover the entire debt from him.

Answer

Evert may possibly obtain a right to the money which Ryan owes to Paulus if he settles the entire debt.

Answer

Paulus is not entitled to sue Ryan for the money he owes him in order to pay Paul.

Crowdly

Paulus owes money to Paul. The full amount of the debt is secured by a suretysh...

Want instant access to all verified answers on claw.myexams.unisa.ac.za?