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In a contract of guarantee under the Indian Contract Act, 1872, the person for whom the guarantee is…

Section 126 of the Indian Contract Act defines the "Principal Debtor" as the person in respect of whose default the guarantee is given. The surety is the person who gives…

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In a contract of guarantee under the Indian Contract Act, 1872, the person for whom the guarantee is given is called

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Section 126 of the Indian Contract Act defines the "Principal Debtor" as the person in respect of whose default the guarantee is given. The surety is the person who gives the guarantee, and the creditor is the person to whom it is given.

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