Sections Flashcards
1
Q
Contract of indemnity & guarantee
A
124- contract of indemnity
125- rights of indemnity
126- contract of guarantee
128- liability of surety co- extensive
129- continuing guarantee
130- specific guarantee cannot be revoked
133- variance in terms of contract
135- compounding by creditor with the principal debtor
136- 3rd person
138- co- surety
140- rights of subrogation
141- surety benefit from security
142- guarantee obtained by misrepresentations
143- guarantee obtained by concealment
144- guarantee on contract that creditor shall not act on it until co- surety joins
145- implied promise to indemnify surety
146- co- sureties liable to contribute equally
147- liability of co-sureties bound in different sums
