1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Competency to Contract – Section 11, Indian Contract Act, 1872 […]
Tag: principal debtor
47. Define “Contract of Guarantee” and discuss the Rights of a Surety
Understanding the Concept of Guarantee In commercial and financial transactions, trust is essential. However, when one party doubts another’s ability to fulfill obligations, a third […]
45. What are the essential characteristics of “Contract of Guarantee”? Distinguish between Indemnity and Guarantee.
Understanding Contract of Guarantee In the world of commerce and finance, transactions often involve an element of trust — but trust alone is rarely enough. […]
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 […]
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 […]