A contract of guarantee is also called a contract of
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A Contract to perform the promise, or discharge the liability, of a third person in case of his default is called Contract of Guarantee. ... The person who gives the guarantee is called the Surety 2. The person on whose default the guarantee is given is called the Principal Debtor 3.
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A Contract to perform the promise, or discharge the liability, of a third person in case of his default is called Contract of Guarantee.
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