Simple, the guarantee contract is between creditor and surety....so to become a valid contract , parties entering into contract should be competent. Debtor need not be competent.

Star Ca

CA Inter

★ 3K+

23-Feb-21 22:42

Nothing on creditor has been mentioned

Venkateshwara Prabhu

CA Inter

★ 16K+

26-Jan-21 19:42

?

Aman Mahajan

CA Inter

★ 18K+

26-Jan-21 20:36

Yes, creditor and surety both needs to be competent

Sahibdeep Singh

Moderator

27-Jan-21 10:23