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  • A “contract of guarantee” is defined under which section?

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)

best_answer

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.

Posted by

Irshad Anwar

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