https://www.taxtmi.com/acts?id=7188 A contract of guarantee is a collateral undertaking to perform the promise or discharge the liability of a third person on that person's default; the guarantor is the surety, the person in respect of whose default the guarantee is given is the principal debtor, and the party receiving the assurance is the creditor. A guarantee may be oral or written. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7188 A contract of guarantee is a collateral undertaking to perform the promise or discharge the liability of a third person on that person's default; the guarantor is the surety, the person in respect of whose default the guarantee is given is the principal debtor, and the party receiving the assurance is the creditor. A guarantee may be oral or written. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7188