Section 144 of ICA : Section 144: Guarantee On Contract That Creditor Shall Not Act On It Until Co-Surety Joins
ICA
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Explanation using Example
Imagine Rita needs a loan and approaches a bank. The bank requires a guarantor before approving the loan. Rita's friend, Arjun, agrees to be the guarantor but on one condition: he will only be a guarantor if Rita's cousin, Vikram, also ...
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