The Contract Act, 1872.(Legal Principle)(Contract of Guarantee)

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BJS Exam (Preliminary, Written, Viva) Preparation Series

Legal Principle: Discharge of surety by variance in terms of contract.


Assertion: A becomes surety to C for B’s conduct as manager in C’s bank. Afterwards, B and C contract, without A’s consent, that B’s s alary shall be raised, and that he shall become liable for one-fourth of the losses on overdrafts. B allows a customer to over-draw, and the bank loses a sum of money. The surety is discharged. 

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https://judicialmagistratenazmulhasan.blogspot.com/

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https://independent.academia.edu/NazmulHasan222

 

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