Lecture -38 Contract of Guarantee CA Foundation | CS Aarti Vishwakarma

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In this video we will talk about Contract of Guarantee By CS Aarti Vishwakarma.

CS Aarti Vishwakarma
Contract of Guarantee CA Foundation
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CA Foundation Law

Time Stamp:-
✦ 00:00 - Intro
✦ 00:14 - Explanation of indemnifier's liability in case of loss
✦ 04:51 - Understanding contract of indemnity in a guarantee
✦ 07:59 - A contract of guarantee is a contract to perform a promise and avoid liability for a third person.
✦ 10:35 - Responsibilities and roles of three parties in a contract of guarantee
✦ 13:07 - Contract of Guarantee involves three parties: principal debtor, creditor, and surety.
✦ 15:36 - Contract of Guarantee involves A, C, and a creditor
✦ 18:47 - Contract of Guarantee involves tri-partite agreement
✦ 21:03 - Right of security is not affected
✦ 23:14 - Three types of contracts of guarantee: primary, secondary, and applied
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