1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 133 – Discharge of Surety by Variance in Terms […]
Tag: continuing guarantee
26. What is a “Continuing Guarantee”? How is it revoked and with what consequences?
Understanding the Concept of Guarantee In commercial and business dealings, parties often need assurance that financial or contractual obligations will be fulfilled. This is where […]
60. Continuing Guarantee.
Meaning of Continuing Guarantee A continuing guarantee is defined under Section 129 of the Indian Contract Act, 1872. It refers to a guarantee that extends […]
2. Kinds of Guarantee.
Kinds of Guarantee Under the Indian Contract Act, 1872, particularly Sections 126–147, a contract of guarantee is an agreement to perform the promise or discharge […]
1. Guarantor
In financial and contractual transactions, the role of a guarantor is critical in enhancing the confidence of lenders and enforcing obligations. Under Indian law, a […]