Question
What are the types of
Guarantees?Solution
There are two types of contract of guarantee i.e. Specific guarantee and continuing guarantee. When a guarantee is given only for single debt or transaction and is to come to an end when the guaranteed debt is paid or the promise is duly performed, it is called a specific or simple guarantee. A guarantee which extends to a series of transactions is called a continuing guarantee. In this case the surety’s liability would continue till all the transactions are completed or till the guarantor revokes the guarantee as to the future transactions.
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Statements: a. Some forests are trees.
b. Some trees are flowers.
c. All forests are deserts..
C...
If all the digits of the number '759621384567' are written in decreasing order from the right end, then what is the product of third and sixth digit fro...
Statements:
Each hand is pump.
Every pump is tap.
Some hand are water.
Conclusions:
I. Some pump are water.
II. No water is tap.
III. Some tap are hand.
In the question below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true even if ...
Select the letter-cluster from among the given option that can replace the question mark (?) in the following series.
Q – 23, S – 25, U – 2...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statements:
All Composers are Professions.
Only a few Professions are Producers.
No Producer is Director.
Conclusions:
<...Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Conclusions: Some Circles are Triangles. Some Squares being Circles is a possibility. All Triangles are Circles.
Relevant for Exams:
