10-mark question · Part C · Law of Contract – II

'A' stands as a surety for the good conduct of 'B'. Who is employed in a Bank. 'B' misappropriates some moneys. The bank excuses him without informing 'A' of 'B's' misconduct. B again misappropriates Rs. 50,000/ -. The bank files a suit against 'A' on the strength of guarantee. Decide giving reasons.

Frequency

1×

papers in the bank

Marks

10

common OU pattern

Years

2016

Appeared in

Law of Contract – II · May/June 2016 Mapped paper Download

Mapped topics

Contract of indemnity and contract of guarantee — Unit I

Mapped case laws

Not mapped to a case yet.