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Mar 22, 2019 · Learn the definition, essentials, and types of contract of guarantee, a tripartite agreement between principal debtor, creditor, and surety. Find out the liability, consideration, and disclosure requirements of a valid contract of guarantee.
Dec 25, 2020 · Learn the definition, essentials, nature, rights and liabilities of a contract of guarantee in India. A contract of guarantee is a contract to perform the promise or discharge the liability of a third person in case of his default.
Learn about the meaning, features and types of contract of guarantee, a legal agreement between three parties: surety, principal debtor and creditor. Find out the difference between contract of guarantee and contract of indemnity, and the liability of a surety under the Indian Contract Act.
Sep 26, 2019 · Learn about the nature, purpose and essential elements of a contract of guarantee, a tripartite agreement involving a principal debtor, a creditor and a surety. Find out the extent and extent of the surety's liability, the rights and remedies of the parties, and the exceptions and limitations of the contract of guarantee.
Learn about the contract of guarantee under Indian Contract Act, 1872, which is a contract to perform the promise or discharge the liability of a third person in case of his default. Find out the main features, difference with contract of indemnity, and liability of surety in this research paper.
The Indian Contract Act, 1872 is a law that regulates the formation, validity, performance and consequences of contracts in India. It covers topics such as communication, acceptance, revocation, void agreements, contingent contracts, performance, breach, compensation, and more.
Oct 25, 2023 · Learn the legal provisions and essentials of contracts of indemnity and guarantee under the Indian Contract Act, 1872. Find out the rights and liabilities of the parties involved in these special contracts.
Mar 14, 2024 · A contract of guarantee is a legal promise that is made by a third party to pay off an obligation of another party in case the debtor fails to fulfill his part of the obligation. The purpose of a contract of guarantee is to get assurance regarding the performance of the contract to be executed.
Sep 11, 2024 · Learn about the concept, essentials, types and revocation of a contract of guarantee under the Indian Contract Act 1860. A contract of guarantee is a three-party agreement between a creditor, a debtor and a surety who assumes the debtor's obligation in case of default.
Nov 19, 2020 · The Contract of Guarantee is one of the most important forms of a special contract under the Indian Contracts Act, 1872. In this article, the author seeks to understand its scope under Indian law and throw light on the different provisions under the Act with the help of judicial decisions.
