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: surety liability
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 […]
41. Define the “Contract of Guarantee”, and discuss the extent of the Liability of the Surety.
Understanding the Contract of Guarantee In everyday business and financial transactions, lenders often rely on guarantees to secure repayment or performance obligations. A Contract of […]
33. Discuss the Definition of “Guarantee” and explain the essential Characteristics of Contract of Guarantee.
Understanding the Concept of Guarantee In commercial and financial transactions, it is common for one person to assure another about the performance or payment obligations […]
24. What are the essential Characteristics of Contract of Guarantee? Distinguish between Indemnity and Guarantee.
Understanding Contract of Guarantee In commercial and personal transactions, lenders, sellers, and businesses often require assurance that obligations will be fulfilled. This assurance is provided […]
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 […]