(i) Variation of the terms of the contract without the guarantors knowledge.
(ii) If the guarantor extends the duration within which the principal debtor must fulfil his
obligation.
(iii) If it is apparent that the guarantee was obtained by concealment of material circumstances.
(iv) If evidence shows that the guarantee was obtained by fraud.
(v) Revocation of a continuing guarantee by the guarantor.
(vi) Discharge of the principal debtor.
(vii) Failure by the creditor to take any step necessary to protect the guarantor.
(viii) Release of a co-guarantor.
(ix) If the creditors action against the principal debtor is statute barred.
(x) Fulfilment of obligation by the principal debtor.
(xi) Supervening illegality.
maurice.mutuku answered the question on May 2, 2018 at 13:27
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