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Indian Contract act
Corporate & Other Laws
What is meant by contract to contrary? Pls With examples?
Answers (1)
Contrary means something different. Let's understand with help of following provision: In the absence of any contract to the contrary, the death of surety operates as a revocation of a continuing guarantee as to the future transactions taking place after the death of surety. So here it means in case there was some contract made which said something different like even after death of surety for 6 months, gurantee shall remain active, - then this provision will be followed. Otherwise, death of surety operates as a revocation of a continuing guarantee as to the future transactions taking place after the death of surety.
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