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Santi Nath Halder   25 January 2021

Contract of Guarantee

"An agent cannot enter into a contract of guarantee on behalf of his principal"- Do you Agree? Do you think the principal can subsequently ratify such an agreement if the agent does enter into such a contract?


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 2 Replies

Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     25 January 2021

 Agents often sign on behalf of principals, and when the authorized agent makes clear that she is so signing—by naming the principal and signing her name as “agent”—the principal is liable, not the agent.

Santi Nath Halder   25 January 2021

still it's not clear, sir whether an agent can enter into a contract of guarantee or not? and how?

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