Question
X supplies rice and wheat worth Rs. 20,000.Y supplied a mobile phone worth Rs 30,000 and Z lent Rs. 50,000 for the purchase of necessaries
S gives guarantee for the loans given by C to P. P owes Rs. 100,000 to P. P becomes insolvent and a dividend of 20 rupee is declared. Discuss the righs of C and S if
S gives the guarantee for the payment of the loan of Rs. 60,000.
S gives guarantee for the payment of loan subject to a limit of Rs. 60,000.
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Get StartedRecommended Textbook for
Dynamic Business Law The Essentials
Authors: Nancy Kubasek, Neil Browne, Daniel Herron
2nd edition
978-0077630430, 77630432, 73524972, 978-0073524979
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