Contract of guarantee

Corporate & Other Laws

If any change in terms of contract is beneficial to the surety or does not affect his position,is the surety liable?

Divya Naik

CA Inter

★ 7K+

05-May-23 11:26

471

Answers (5)

He is not liable as per strict interpretation.

CA Suraj Lakhotia

Admin

05-May-23 11:29

Generally any change in the primary contract without surety consent then surely is not liable but....

Balachandar S

CA Inter

★ 59K+

05-May-23 11:55

Read this example and green 🍏 color line and and u will get it.

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Balachandar S

CA Inter

★ 59K+

05-May-23 11:57

Balachandar S

Read this example and green 🍏 color line and and u will get it.

For exam, only if the facts of the case are similar to the one highlighted, then only we say it is beneficial and wouldn't affect the contract position. So, go for strict interpretation.

Sahibdeep Singh

CA Inter

★ 14K+

05-May-23 12:11

Sahibdeep Singh

For exam, only if the facts of the case are similar to the one highlighted, then only we say it is beneficial and wouldn't affect the contract position. So, go for strict interpretation.

Okay sir noted 😊

Balachandar S

CA Inter

★ 59K+

05-May-23 12:13