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Section 127 in The Indian Contract Act, 1872 [Entire Act]

Section 127 in The Indian Contract Act, 1872 127. Consideration for guarantee.— Anything done, or any promise made, for the benefit of the principal debtor ... provided C will guarantee the payment of the price of the goods. C promises to guarantee the payment in consideration of A's promise
Union of India - Section Cites 0 - Cited by 90

Section 129 in The Indian Contract Act, 1872 [Entire Act]

Continuing guarantee'.— A guarantee which extends to a series of transactions, is called a 'continuing guarantee'. Illustrations (a) A, in consideration that B will employ ... 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
Union of India - Section Cites 0 - Cited by 84
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