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Law Relating to Guarantees

 S.N. Gupta



8 Ed


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SN Gupta's Law Relating to Guarantees profoundly covers the subject of law of guarantees. This book delineates but also forms, procedures and banking terms and their definitions. This Eighth Edition has been duly revised and updated by reviewing all the topics. All relevant case law of the Supreme Court and High Courts of India till 2017 have been incorporated in appropriate places of this edition. Propositions of law relating to guarantees laid down by the Courts of UK and USA has also been incorporated in relevant places so that a comparative study relating to this branch of law is possible. Sincere attempts have been made to enrich its usefulness to the legal practitioners, academicians, students and all other persons interested in this branch of jurisprudence.
1.    The Contract of Indemnity
2.    The Rights of the Indemnity - holder
3.    The Contract of Guarantee
4.    Consideration for Guarantee
5.    Surety’s Liability
6.    The Law Relating to the Continuing Guarantee
7.    Joint debtors and Suretyship
8.    Discharge of Surety
9.    The Rights of the Surety
10.  Invalid Guarantee
11.  Implied Promise to Indemnify
12.  Liability of the Co-sureties
13.  Bank Guarantees and Law Courts
14.  Bank Guarantees - Golden Guidelines
15.  Bank Guarantees and the Law of Limitation
16.  Various Kinds of Bank Guarantees - Their Requirements and Implications
17.  Guarantees - In Foreign Trade
18.  Bank Guarantees in Favour of Courts
19.  Letter of Credits
20.  Irrevocable Letter of Credit
21.  UCP 500 and ISP 98
22.  Performance Guarantee
23.  Bank Guarantees and Injunctions
24.  A Few words on Warranty
25.  Bank Guarantees and the Consumer Protection Act
26.  Law of Guarantee and Private International Law
27.  Pro-formas of Guarantees
28.  Pro-formas of Indemnity Bonds Useful for the  Banks
Appendices A –  ICC Uniforms Rules for Demand Guarantees (URDG) ICC Publication No. 758 (2010)
Appendices B – Comments on Uniform Rules for Contract Guarantees
Appendices C – The Uniform Customs and Practice for Documentary Credits (UCP 600)
Appendices D – ICC Uniform Rules for Collections
Appendices E – Compilation of Banking Terms and Definitions
Subject Index


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