Under the Indian Contract Act, 1872, a 'Continuing Guarantee' is defined as a guarantee that extends to:

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Law · Legal Aptitude

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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A series of transactions, remaining effective even if the account temporarily shows a credit or zero balance.

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Answer 1

Only the principal amount of the loan, explicitly excluding interest and other charges.

Answer 2

A series of transactions, remaining effective even if the account temporarily shows a credit or zero balance.

Answer 3

Any future transactions up to a maximum period of one year only.

Answer 4

The repayment of a single, specific loan transaction only.

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