UNITED BANK LIMITED versus PAKISTAN INDUSTRIAL .CREDIT AND INVESTMENT CORPORATION LTD.
Section 126 of the Contract Act 1872 Ordinance of Companies (XLVII of 1984), Sections 305, 309, 333 and 10 (2) of the Guarantee was the lender of the financial institution while the guarantee was provided by a bank which guaranteed That the bail was complied with. The essence of the guarantee was that the benefit of the company (the lender) is now under proviso that if the borrower fails to pay his obligation, the borrower cannot be guaranteed on the guarantee of the guarantee, Agreed to exclude. Apart from the terms of his guarantee, whoever was responsible for taking the guarantee, his guarantee could also be paid to the bank, his satisfaction on technical matters alone could not be avoided.
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