7
Question
When a guarantee extents to a series of transactions, it is called as ______.
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Solution
The correct option is A Continuing guarantee
Section 129 of the Indian Contract Law, 1872 talks about ‘Continuing guarantee’. A guarantee which extends to a series of transactions is called a ‘continuing guarantee’.
Section 129 of the Indian Contract Law, 1872 talks about ‘Continuing guarantee’. A guarantee which extends to a series of transactions is called a ‘continuing guarantee’.
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