How a surety is discharge from his liability under a Contract of Guarantee?

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How a surety is discharge from his liability under a Contract of Guarantee? | Business Law

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2 жыл бұрын

Hi,
Welcome to Tanvir Academy! In this video, we explore the crucial aspects of how a surety can be discharged from liability under a contract of guarantee. 🚀
🔍 What You'll Learn:
Definition of Surety and Contract of Guarantee: Understand the roles and responsibilities of a surety within a contract of guarantee.
Modes of Discharge: Discover the various ways a surety can be released from liability, including:
Revocation: Learn how and when a surety can revoke their guarantee.
Performance: Understand how the performance of the principal debtor affects the surety's liability.
Release or Discharge of Principal Debtor: See how the discharge of the principal debtor impacts the surety.
Variation in Terms: Explore how changes in the contract terms can discharge the surety.
Act or Omission of Creditor: Learn how actions or omissions by the creditor can release the surety.
Insolvency of Principal Debtor: Discover the impact of the principal debtor's insolvency on the surety's liability.
Legal Provisions and Case Studies: Dive into relevant legal provisions and case studies to see these concepts in action.
🌟 Why Watch?
Comprehensive Overview: Gain a thorough understanding of the discharge of surety under a contract of guarantee.
Practical Insights: Equip yourself with practical knowledge for personal or professional use.
Expert Explanation: Enjoy clear and concise explanations that simplify complex legal principles.
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