A guaranfee which extend to a series of transactions is called ____________________?
Correct answer: B. Continuing guarantee
- A. Special guarantee
- B. Continuing guarantee
- C. Specific guarantee
- D. None of above
Explanation
A guarantee covering multiple or successive transactions is called a continuing guarantee under section 129 of the Contract Act. A specific guarantee normally relates to one particular transaction or obligation.
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About Civil Law
Civil law governs disputes involving private rights, including contracts, property, family relations, torts and compensation. The subject explains breach of duty, civil liability, damages, specific relief, injunctions and other remedies, while distinguishing private claims between individuals from criminal proceedings brought to punish offences against the state.
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