Getting full control over your papers at any moment is crucial to relieve your everyday duties and improve your productivity. Accomplish any goal with DocHub features for document management and convenient PDF file editing. Access, adjust and save and incorporate your workflows with other safe cloud storage services.
DocHub offers you lossless editing, the chance to use any format, and securely eSign papers without having looking for a third-party eSignature option. Obtain the most of your document management solutions in one place. Consider all DocHub capabilities right now with your free account.
The video discusses two types of guarantees: specific and continuing guarantees. A specific guarantee is tied to a single transaction, such as when X sells computers to Y for 2 lakhs; once the transaction is complete and Y has paid, the guarantee ends. If Y defaults before payment, X can seek recovery from the surety, but the guarantee still terminates after the transaction. In contrast, a continuing guarantee pertains to multiple transactions over time, such as a bank offering a loan of up to 5 lakhs. This guarantee remains valid until it is revoked by the surety, who may then be liable for earlier defaults, even if their financial capacity changes after revocation.
