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Get Answers to all your Questions
A “contract of guarantee” is defined under which section?
Option: 1
Section 10
Option: 2
Section 126
Option: 3
Section 200
Option: 4
Section 125
Answers (1)
A contract of guarantee in Section 126 of Indian Contract Act, 1872 is defined as a contract, in which a person promises to perform an act or discharge the liability of a third person in case of his default. Hence correct option is b.
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