Indian Contract Act important provisions relating to Guarantors JAIIB Legal banking

 

Indian Contract Act, 1872

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The Indian Contract Act, 1872 prescribes the law relating to contracts in India. The Act was passed by British India and is based on the principles of English Common Law. It is applicable to all the states of India except the state of Jammu and Kashmir. It determines the circumstances in which promises made by the parties to a contract shall be legally binding and the enforcement of these rights and duties.
In this video I will explain 10 important sections of Indian contract act 1872 containing provisions relating to Guarantors as in Legal and regulatory aspects of banking JAIIB. #learningsessions

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