1. Facts of the Case ‘Y’ appoints ‘A’ as his agent to sell certain goods. Acting within the scope of his apparent authority, ‘A’ negotiates […]
Tag: misrepresentation
7. ‘A’ stands as a surety for the good conduct of ‘B’. Who is employed in a cooperative society ‘B’. Misappropriates some money. The Bank excuses him without informing ‘A’ of ‘B’s misconduct, ‘B’ again misappropriates Rs. 50,000/- the society files a suit against ‘A’ on the strength of the 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 […]
51. What are the various methods by which a Surety is discharged?
Understanding Suretyship and Discharge In the world of business and credit transactions, suretyship plays a vital role in building trust between lenders and borrowers. A […]
10. Define “Contract of Guarantee”. What are the effects of misrepresentation and concealment on contract of guarantee?
Understanding the Concept of a Contract of Guarantee In the world of business and finance, credit transactions are inevitable. Often, lenders and creditors need additional […]
