Discuss three types of contract of guarantee.

      

Discuss three types of contract of guarantee.

  

Answers


sharon
1. Sole Guarantee: This is a contract of guarantee whereby the guarantor’s liability is
restricted to a single transaction.
2. Continuing Guarantee: It is a contract of guarantee under which the guarantors to a
series of transactions. This type of guarantee terminates on the death of the guarantor
provided the notice is made know to creditor as was the case in Bradbury V. Morgan. The
guarantor is also free to revoke the guarantee at any time.
3. Fidelity Guarantee: It is a contract of guarantee whereby a person guarantees the honesty
good behaviour of another purpose of employment

sharon kalunda answered the question on April 12, 2019 at 12:33


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