The Indian Evidence Act, 1872 lays down a comprehensive framework for the presentation of evidence in court, including rules on who is eligible to testify. […]
Tag: Section 133
21. ‘B’ is the principal debtor of ‘A’. C is the surety of the debt. A, the creditor makes a promise to a neighbour of ‘B’ to give time to ‘B’. Discuss the effect if any of this promise on the contrac of guarantee.
1. Facts of the Case ‘B’ is indebted to ‘A’ for a certain amount. To secure this debt, ‘C’ acts as a surety for ‘B’s […]
15. ‘A’ stands as a surety for the good conduct of ‘B’. Who is employed in a Bank. ‘B’ misappropriates some moneys. The bank excuses him without informing ‘A’ of ‘B’ is misconduct B again misappropriates Rs. 50,000/-, The bank files a suit against ‘A’ on the strength of guarantee. Decide giving reasons.
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 133 – Discharge of Surety by Variance in Terms […]
7. ‘A’ stands as a surety for the good conduct of ‘B’. Who is employed in a cooperative society ‘B’. Misappropriates some money. The Bank excuses him without informing ‘A’ of ‘B’s misconduct, ‘B’ again misappropriates Rs. 50,000/- the society files a suit against ‘A’ on the strength of the guarantee. Decide giving reasons.
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 133 – Discharge of Surety by Variance in Terms […]
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 […]