A guarantor may join the principal debtor in executing the promissory note he will not be a co-obligant where the underlying transaction & the conduct of the parties show that he is a surety under Sec. 126 of the Contract Act-S. Chattanatha Karayalar Vs. The Central Bank Of India And Others -Supreme Court

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A guarantor may join the principal debtor in executing the promissory note he will not be a co-obligant where the underlying transaction & the conduct of the parties show that he is a surety under Sec. 126 of the Contract Act-S. Chattanatha Karayalar Vs. The Central Bank Of India And Others -Supreme Court Read Post »