1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 124, Indian Contract Act, 1872 – Contract of Indemnity […]
Tag: indemnity vs guarantee
38. What are the Rights of a Bailor against a Bailee when the later mixes his own goods v those of the former?
Understanding Bailment and the Issue of Mixed Goods Bailment is a key concept in commercial law, allowing one person to deliver goods to another for […]
37. What is a “Contract of Guarantee”? What are its characteristics? Distinguish between Contract of Guarantee and a Contract of Indemnity.
Understanding Contracts of Guarantee In modern business and finance, security and assurance are essential to maintain trust among parties. A Contract of Guarantee serves this […]
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 […]