Contract of guarantee

Rajeev Khanna (Querist) 19 December 2011 This query is : Resolved
Can a guarantor(surety) gives guarantee to the creditor for payment in event of default by the principal debtor after one year of the entering of contract between principal debtor and creditor:-means can agreement between creditor and surety be entered after one year of entering of contract between principal debtor and creditor:- we assume that during this one year there is no default by the principal debtor but default took place after one year and two months;-please provide citation in support

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Raj Kumar Makkad (Expert) 19 December 2011
Your similar query has been duly replied and resolved. You go to another thread started by you and observe the replies placed therein.

ajay sethi (Expert) 19 December 2011
repeated query

Guest (Expert) 20 December 2011
I feel there is some confusion in your mind. So, you need to first clear your position, whether you or your client was a guarantor (surety) from the initial stage or signed just as a witness on the bond/agreement? The position will be quite different in both the cases.

Sailesh Kumar Shah (Expert) 20 December 2011
Repeated Query.

Contract of guarantee

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