Understanding the Concept of Surety In the world of commercial transactions and credit-based dealings, a contract of guarantee plays a significant role in ensuring trust […]
Tag: contract of guarantee
10. Define “Contract of Guarantee”. What are the effects of misrepresentation and concealment on contract of guarantee?
Understanding the Concept of a Contract of Guarantee In the world of business and finance, credit transactions are inevitable. Often, lenders and creditors need additional […]
5. What is the nature of a Surety’s authority? State his rights against the principal debtor.
Concept of Suretyship in Contract Law In business and commercial transactions, guarantees play a vital role in ensuring trust and financial security. When one person […]
What Are the Rights of the Surety Against the Principal Debtor, Creditor, and Co-Sureties?
Understanding the Concept of Surety and Guarantee The law of contract of guarantee is an important aspect of the Indian Contract Act, 1872, which aims […]
23. Contract of Guarantee.
Meaning of Contract of Guarantee A Contract of Guarantee is defined under Section 126 of the Indian Contract Act, 1872. It is a contract where […]
10. Surety.
Meaning of Surety A surety is a person who promises to the creditor to fulfill the debt or obligation of another (the principal debtor) in […]
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 […]