CANCELLATION OF SURETYSHIP AGREEMENT
Revocation of the contract is regulated under Article 599 of the Turkish Code of Obligations. According to the regulation, it is stated that the surety may withdraw from the contract if it is obvious. That the surety will have financial difficulties before and after. The debt arises. However, if the creditor suffers a loss arising from the reliance on the surety agreement. The surety is obliged to compensate this debt.
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