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Continuing guarantee

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Full Text of the Document

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....ransactions is called a "continuing guarantee". Illustrations (a)        A, in consideration that B will employ C in collecting the rents of B's zamindari, pro....

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Full Text of the Document

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.... with tea to the value of $200. C fails to pay. The guarantee given by A was a continuing guarantee, and he is accordingly liable to B to the extent of $100. (c)      ....

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