Section 130 of ICA : Section 130: Revocation Of Continuing Guarantee
ICA
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Explanation using Example
Imagine that Sarah, who owns a stationery shop, has a regular customer named Tom who purchases supplies on credit. Sarah is concerned about the credit risk, so she asks Tom to provide a surety for the credit purchases. Tom's friend, Jerry, agrees to be the surety and promises Sarah that he will cover any unpaid debts by Tom up to $10,000 ...
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