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          Guarantee includes obligations to pay where an undertaking's profits fall short, defining contingent payment liability under constitutional law. The legal concept Guarantee includes any obligation to make payments where an undertaking's profits fall short of a specified amount, thereby characterising promises to meet profit shortfalls as recognised guarantee liabilities.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Guarantee includes obligations to pay where an undertaking's profits fall short, defining contingent payment liability under constitutional law.

                                  The legal concept Guarantee includes any obligation to make payments where an undertaking's profits fall short of a specified amount, thereby characterising promises to meet profit shortfalls as recognised guarantee liabilities.


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