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Revocation of continuing guarantee

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....uarantee may at any time be revoked by the surety, as to future transactions, by. notice to the creditor. Illustrations (a)        A, in consideration of B's d....

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....n default of C. (b)        A guarantees to B, to the extent of 10,000 rupees, that C shall pay all the bills that B shall draw upon him. B draws upon C. C accepts....