https://www.taxtmi.com/acts?id=7205 A guarantee procured by the creditor's silence as to material circumstances is void because the surety's consent must be informed; concealment by the creditor vitiates the suretyship. Examples include a guarantor unaware of an agent's prior misconduct and a guarantor uninformed of a private agreement altering the buyer's obligation; in each case the guarantee is invalid when material facts are withheld. 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=7205 A guarantee procured by the creditor's silence as to material circumstances is void because the surety's consent must be informed; concealment by the creditor vitiates the suretyship. Examples include a guarantor unaware of an agent's prior misconduct and a guarantor uninformed of a private agreement altering the buyer's obligation; in each case the guarantee is invalid when material facts are withheld. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7205