himself. A is discharged by the change from future liability under his guarantee, though the misconduct of B is in respect of a duty ... subsequent misconduct of B. (d) A gives to C a continuing guarantee to the extent of 3,0(X) rupees for any oil supplied
Section 130 in The Indian Contract Act, 1872
130. Revocation of continuing guarantee.—
A continuing guarantee may at any time be revoked by the surety
Contract Act, 1872
129. 'Continuing guarantee'.—
A guarantee which extends to a series of transactions, is called a 'continuing guarantee'. Illustrations (a) A, in consideration ... collection and payment by C of those rents. This is a continuing guarantee. (b) A guarantees payment to B, a tea-dealer, to the amount
Section 38 in The Indian Partnership Act, 1932
38. Revocation of continuing guarantee by change in firm.—
A continuing guarantee given to a firm
Section 131 in The Indian Contract Act, 1872
131. Revocation of continuing guarantee by surety's death.—
The death of the surety operates ... contract to the contrary, as a revocation of a continuing guarantee, so far as regards future transactions
guarantee bank under the terms of the letter of guarantee a fresh letter of guarantee has been furnished. Form Of Letter Of Guarantee From Banks ... will not absolve us from our liability under this Guarantee. This Guarantee will be a continuing guarantee and will not be revoked
levy premium allocation charge as applicable. The guarantee charges may be deducted, if guarantee continues to be applicable. (iii) No other charges shall be levied
applicable during the discontinuance period. Guarantee charges, if applicable during the discontinuance period, may be deducted provided the guarantee continues to be applicable. No other
Jammu and Kashmir Contract Act, Svt. 1977 (1920 A.D.)
JAMMU & KASHMIR
India
Jammu
The Indian Contract Act, 1872
UNION OF INDIA
India
The Indian Contract Act, 1872
Act
