Home › CA Foundation › businesslaw › Contract of Indemnity and Guarantee › Under Section 126, a contract of guarantee:
Under Section 126, a contract of guarantee:
AMust always be in writing and registered
BMust be on stamped paper
CIs valid only if witnessed
DMay be either oral or written
Answer & Solution
Correct answer: D. May be either oral or written
Section 126 expressly provides that a guarantee may be either oral or in writing.
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