Question
What does contract of guarantee
means?Solution
 It means a contract to perform the guarantee or discharge the liabilities of the person just in case he fails to discharge such liabilities. In other words, a contractual arrangement in which one party gives a guarantee for another regarding the fulfillment of a promise or repayment of the debt when the latter fails to discharge the liability or perform the undertaking.
A person from Pakistan residing in Karachi deceived the complainant in Mumbai through written communication, phone calls, and telegrams, persuading them...
Admissions are:
Who is authorized to compound an offence punishable with fine only, and what is the maximum sum that can be collected for compounding under the LLP Act?
Consider the following statements regarding relevancy of facts in issue and connected facts under Sections 3-4 of the Bharatiya Sakshya Adhiniyam, 2023:...
President's resignation shall be given to:
For a company to accept deposits from public it should be an eligible company. So which companies are referred to as the eligible companies?
In which of the following cases Supreme Court has asked the Centre to create a Bail Act?
If a right or liability is created by a statute, which of the following situation may arise:
When can a plea that arbitral tribunal does not have jurisdiction be raised?
Contract with minor is ____________________
