Contract of Guarantee [ Indian contract act, 1872]

contract of guarantee under Indian contract act, 1872 is described with the help of examples.

this video deals with meaning and essentials of a contract of guarantee. it also explains three parties in a contract of guarantee, i.e. principal debtor, surety and creditor. and there are three kind of contracts also.

this video also deals with section 127 of Indian contract act, 1872 which talks about consideration in a contract of guarantee.

this video is useful for CA- IPCC students (subject-2, company law and other laws), LAW Students (law of contracts), CS- Executive (old syllabus- paper 3 economic and commercial laws, new syllabus- paper 7 economic business and commercial laws) and for CMA inter.

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