Contract of Guarantee important topic for CS Professionals
For CS Course , Takshila Learning is offering CS Professional online classes for students in an easy, convenient, and simple way through our portal www.takshilalearning.com. It helps students to grab the conceptual knowledge in a different but simple way. CS online classes for CS preparation are a collection of HD-quality recorded lectures with the detailed explanation of the content by experienced and well-known faculties.
An interesting topic from Drafting – ‘Guarantees’ is discussed below:
Guarantees
Contract of Guarantee
A “contract of Guarantee” is a contract to perform the promise, or discharge the liability, of a third person in case of his default. A Guarantee may be either oral or written.
Parties involved in the Contract
Surety: The person who gives the guarantee is called the “surety”.
Principal debtor: The person in respect of whose default the guarantee is given is called the “principal debtor”
Creditor: The person to whom the guarantee is given is called the “creditor”.
Read complete Contract of Guarantee here..
Learn CS Professional Forex Management Video Lecture Classes Here..
For the online courses of CS Foundation, Executive or Professional, kindly visit www.takshilalearning.com
Comments
Post a Comment
Thank you we will contact ASAP.