Any payment of the principal obligation by the debtor will discharge the surety or the guarantor from the obligation.

Name: Any payment of the principal obligation by the debtor will discharge the surety or the guarantor from the obligation.
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Question

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When a debtor makes a payment towards the principal obligation, it reduces the amount owed, thereby proportionately reducing the surety or guarantor's liability, as their obligation is contingent on the debtor's outstanding debt.

Any Payment of the Principal Obligation by the Debtor Will