IndigoLearn

Contract of indemnity and guarantee

Sir ..is this continuing guarantee or specific guarantee? Why? Example 2 sir

Attachments

50577ea2-282d-4b2d-86f3-4d6c6d5685c7.jpg


Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

10-Oct-20 10:03

22

Answers (4)

Continuing. Multiple bills.


Suraj Lakhotia

Suraj Lakhotia

Admin

10-Oct-20 12:32

Sir continuing guarantee can be revoked by giving notice...to creditors.. In this A gave notice ..but still he is liable to guaranteed amount..


Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

10-Oct-20 12:42

Revocation is given after acceptance. Hence liable.


Suraj Lakhotia

Suraj Lakhotia

Admin

10-Oct-20 13:09

Tq sir


Prasanna Jannu

Prasanna Jannu

CA Inter

7K+

10-Oct-20 13:10