Meaning of Continuing Guarantee A continuing guarantee is defined under Section 129 of the Indian Contract Act, 1872. It refers to a guarantee that extends […]
Tag: liability of surety
44. Surety as a favored Debtor
Meaning of Surety as a Favored Debtor A surety is considered a favored debtor under the Indian Contract Act, 1872, particularly Section 141. This principle […]
23. Contract of Guarantee.
Meaning of Contract of Guarantee A Contract of Guarantee is defined under Section 126 of the Indian Contract Act, 1872. It is a contract where […]