QUESTION THREE

$3\mathrm{.}1$ Your clientris entering into a suretyship agreement for his parents' home loan application

andhas approached you for advice. You are required to include $($but are not limited to$)$ the

following aspects for your legal advice:

$>$ Nature of a suretyship agreement

$>$ Formalities

$>$ Types of surety

$>$ Consequences of suretyship