1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered to Support Case Proceedings and Judgements Relevant Provisions: Legal Principles and […]
Tag: co-sureties
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 […]
65. Liability of Co-Sureties.
Meaning of Co-Sureties When two or more persons jointly guarantee the same debt or duty for a principal debtor, they are called Co-Sureties. Under the […]
56. Doctrine of Contribution
Meaning of Doctrine of Contribution The Doctrine of Contribution arises in the law of contracts and suretyship, ensuring equitable distribution of liability among co-sureties. Under […]