📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    What is the consideration in a contract of

    guarantee?
    A Anything done, or any promise made, for the benefit of the surety Correct Answer Incorrect Answer
    B Anything done, or any promise made, for the benefit of the creditor Correct Answer Incorrect Answer
    C Anything done, or any promise made, for the benefit of the principal debtor Correct Answer Incorrect Answer
    D Either a or b or c Correct Answer Incorrect Answer
    E All a b & c Correct Answer Incorrect Answer

    Solution

    Contract Act  Section 127. Consideration for guarantee: Anything done, or any promise made, for the benefit of the principal debtor, may be a sufficient consideration to the surety for giving the guarantee.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call