Wednesday, March 18, 2009

CHAPTER NO.11 (INDEMNITY AND GUARANTEE)

BUSINESS LAW
(KHALID MAHMOOD CHEEMA)

CHAPTER NO.11 (INDEMNITY AND GUARANTEE)

Discharged of Surity from liabilities:
1) Notice of revocation
2)Death of surity
3)Change in terms of contract
4)Release or discharged of prinicipal debtor
5)Arrangeent with out surety's consent
6)Creditor's act or omision
7)Loss of securities
8)Invalidation of the contract of guarantee
(see page no. 123 to 125 of book - headings with exampls)

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