Wednesday, March 18, 2009

CHAPTER NO.11 (INDEMNITY AND GUARANTEE)

BUSINESS LAW
(KHALID MAHMOOD CHEEMA)

CHAPTER NO.11 (INDEMNITY AND GUARANTEE)

RIGHTS
1) Rights against the creditors
(see page no.121 of book= headings with examples)
a)Right to securities
b) Right to cliam set-off
2)Rights against the principal debtor
(see page no. 122 of book= headings with examples)
a)Right of Subrogation
b)ARight of indemnity
3)Right against co-surities
(see page no.122 to 123 of book= headings with examples)
a)Similar amount
b)Different amount

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