1. Facts of the Case ‘B’ is indebted to ‘A’ for a certain amount. To secure this debt, ‘C’ acts as a surety for ‘B’s […]
Tag: Section 133
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 […]
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 […]