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What is contract of guarantee, differentiate b/w Specific and continuing guarantee, identify which example given below is case of specific and continuing? Example1: A, in
What is contract of guarantee, differentiate b/w Specific and continuing guarantee, identify which example given below is case of specific and continuing?
Example1: A, in consideration that B will employ C in collecting the rent of B's zamindari promises B to be responsible, to the amount of Rs. 5,000, for the due collection and payment by C of those rents.
Example 2: A guarantees payment to B of the price of the five bags of flour to be delivered by B to C and to be paid for in 3 months. B delivers five bags to C; C pays for them.
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