Poonawalla fincorps
Poonawalla fincorps

Business law

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
09 April 2013 C agreed to sell a colour TV set to P under a hire-purchase agreement on guarantee of S and a pledge
of P’s furniture. The terms were: hire-purchase price Rs 24,000 payable in 12 monthly installments of
Rs. 2,000 each, ownership to be transferred on the payment of last installment. In the given case which type of guarantee contract is made- specific guarantee contract or continuing guarantee contract?
Profile Image

C A S.S.Agarwal, M.Com.,LL.B,

Profile Image

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
30 May 2013 Since this guarantee is one time it is specific and it is for a particular purpose therefore it is specific guarantee

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links