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Section 38 – The Partnership Act, 1932

The Partnership Act, 1932

 

38. REVOCATION OF CONTINUING GUARANTEE BY CHANGE IN FIRM.

 

A continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is in the absence of agreement to the contrary, revoked as to future transactions from the date of any change in the constitution of the firm.

 

 

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The Partnership Act, 1932

 

Indian Laws – Bare Acts

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