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[Cites 0, Cited by 0] [Section 130] [Entire Act]

State of Jammu-Kashmir - Subsection

Section 130(b) in Jammu and Kashmir Contract Act, Svt. 1977 (1920 A.D.)

(b)A guarantees to B, to the extent of 10,000 rupees, that C shall pay all the bills that B shall draw upon him. B draws upon C. C accepts the bill. A gives notice of revocation. C dishonours the bill at maturity. A is liable upon his guarantee.