1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered to Support Case Proceedings and Judgement Relevant Provisions – Indian Contract […]
Tag: Section 128
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 […]
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. […]