Multiple Choice Questions on A guarantees payment to B a tea dealer to the amount of Rs 100 for any tea he may from time to time ........... for 12th Standard Preparation

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Multiple Choice Questions

A guarantees payment to B a tea dealer to the amount of Rs 100 for any tea he may from time to time ...........

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    A guarantees payment to B, a tea-dealer, to the amount of Rs. 100, for any tea he may from time to time supply to C. B supplies C with tea to above the value of Rs. 100, and C pays B for it. Afterward B supplies C with tea to the value of Rs. 200. C fails to pay.

    The guarantee given by A was not a continuing guarantee, and he is not accordingly liable to b to the extent of Rs. 100

    Incorrect Answer

    The guarantee given by A was a continuing guarantee, and he is also liable to B to the extent of Rs. 200

    Incorrect Answer

    The guarantee given by A was a continuing guarantee, and he is accordingly liable to B to the extent of Rs. 100

    Correct Answer

    None of these

    Incorrect Answer
    Explanation:

    The guarantee given by A was a continuing guarantee, and he is accordingly liable to B to the extent of Rs. 100

    By: santosh
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