Meaning and Legal Basis Privileged communications refer to specific types of statements or information that cannot be compelled to be disclosed in a court of […]
Tag: Section 126
7. ‘A’ gifted his house to his son under registered gift dead which was accepted by the son. Latter, on father cancelled the gift deed unilaterally. Discuss the validity of gift.
1. Facts of the Case ‘A’, the father, gifted his house to his son under a registered gift deed, which was duly executed and accepted […]
29. ‘A’ advances Rs. 500/- to a minor ‘B’ on the guarantee of ‘X’ on demand for payment. The borrower pleads minority. Can ‘A’ recover the amount from ‘X’.
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Competency to Contract – Section 11, Indian Contract Act, 1872 […]
51. What are the various methods by which a Surety is discharged?
Understanding Suretyship and Discharge In the world of business and credit transactions, suretyship plays a vital role in building trust between lenders and borrowers. A […]
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. […]
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 […]
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 […]