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Rights of co-guarantors among themselvesA guarantor who that has paid more than his share below the guarantee is entitled such to contribution from his co-guarantors, although they are bound through the same or different instruments, and such whether he knew or like not of the existence of co-guarantors on the time he became bound. Conversely the doctrine of contribution is not founded on contract, because is the result of general equity on the ground of such equality of burden and benefit there.Because obtain contribution, just all the guarantors must have guaranteed such the same debt. Whether there is, since no right of contribution.1. Whether every guarantor has expressly agreed merely to be liable such for a given portion about one sum of money.2. When guarantors are bound through different documents for equal portions of a debt due from such the same principal, and such the guarantee of every is a separate and like distinct transaction.
Question 1: The Ministry of Agro Industry & Fisheries has come up with a new Fisheries and Marine Resources Act to provide a coherent legal and institutional framework with a v
You are an audit manager in Ecco & Co, a firm of Chartered Accountants. At the monthly audit managers' meeting, the following client situation was reviewed and discussed. Ecco &
Termination of Partnership The Articles of Partnership will contain like a rule or be the regulations with regard for the termination of the partnership. Almost in the absence o
Question 1 The doctrine laid down in Salomon v Salomon & Co. Ltd has to be watched very carefully. The Courts can and often do draw aside the veil. Discuss. Question 2
In light of some latest accounts coming into the company and working to promote its latest services, IDSS has also make a few trademarks to ensure and protects its innovative techn
Illustrate the case of environmental taxes Consider the case of environmental taxes. There is clear evidence that International Environmental Agreements (IEAs) suffers from an
QUESTION 1 Why is the United States, which is a leader country in so many areas, so far behind in the provision of social welfare benefits? QUESTION 2 (a) Who uses private
LAW OF THE SEA The sea and all areas of the sea are regulated by international law. The jurisdiction of international law extends from the right of passage over t
Redemption of Shares: Section 60 (1) empowers a company limited by shares to issue preference shares that are, or may be at the option of the company are to be liable, to be r
Hire-Purchase and Credit Sale - Sales of good A Credit sale is a sale on credit. Whether A buyer of goods may be unable for pay the price in full on once and the seller may let
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