1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Competency to Contract – Section 11, Indian Contract Act, 1872 […]
Tag: guarantee
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 […]
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 […]