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There are two types of contract of guarantee i.e. Specific guarantee and continuing guarantee. When a guarantee is given only for single debt or transaction and is to come to an end when the guaranteed debt is paid or the promise is duly performed, it is called a specific or simple guarantee. A guarantee which extends to a series of transactions is called a continuing guarantee. In this case the surety’s liability would continue till all the transactions are completed or till the guarantor revokes the guarantee as to the future transactions.
1) deemocracy
2) demaucracy
3) democracy
4) demokracy
5) none of these
...Select the INCORRECTLY spelt word.
In the following question, four words are given, out of which only one word is correctly spelt. Find the correctly spelt word.
Choose the word with correct spelling.
In the question below, a sentence is given with four words highlighted in bold. One of these four words may either be wrongly spelled or inappropriate ...
The RBI is set to get a makeover in line with its global counterparts, with several board committees to be formed on various to assisst the central bank...
U.S. President Donald Trump opened up another front in the ongoing global trade war on Wednesday by ramping up retoric against the World Trade O...
1)asociation
2)alliance
3)impliment
4)lothe
Choose the correctly spelt word.
Directions: In each question below, four words printed in bold type are given. These are numbered (A), (B), (C) and (D). One these words printed in b...