Question

What is a continuing a guarantee? How it can be revoked?

23 Jan 2022
Answer :
Word Count : 513

Continuing Guarantee in Mercantile Law:

A continuing guarantee is a type of guarantee provided in the context of mercantile transactions. In mercantile law, a guarantee is a promise to answer for the debt or default of another person in case that person fails to fulfill their obligations. A continuing guarantee is unique in that it covers a series of transactions rather than a single, isolated transaction. It is an ongoing commitment that extends over a period and covers multiple transactions between the principal debtor and _________ ____ __________ _________ ___ ___ _________ ___ ____.
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