Banking · Legal Aspects of Banking
A personal guarantee provided by a corporate borrower's director for a bank loan is legally classified under the Indian Contract Act as a:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Quasi Contract
- 2Contingent Contract✓
- 3Contract of Indemnity
- 4Voidable Contract
Correct answer
Contingent Contract
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