Question

Write any five essential features of a contract of guarantee.

Answer 1

Essentials of a Contract of Guarantee

Concurrence of All the Parties.

Liability.

Existence of a Debt.

Consideration.

Writing not Necessary.

Essentials of a Valid Contract.

No Concealment of Facts.

No Misrepresentation.

Answer 2

Answer:

It has mainly five essential features of a contact guarantee...

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