Practical Legal Guidance
Contract of Guarantee
A contract to perform the promise or discharge the liability of a third person in case of their default.
Authoritative Sources & Provenance
Primary Source: NextCaseHQ Internal Legal Knowledge Draft (general legal knowledge, not independently Bare-Act-verified) (NextCaseHQ)
Relevant Legislation
- The Indian Contract Act, 1872
General legal information for reference only, reviewed for accuracy but not a substitute for advice from a qualified advocate on your specific facts.