Notice To Determine Continuing Guarantee 1424 Legal Draft Template
| Category | Notices |
| Format | Rich Text |
| File name | Notice to Determine Continuing Guarantee-1424.rtf |
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Notice to Determine Continuing Guarantee
(Section 130 of the Indian Contract Act 1872)
To
EF (Creditor)
Dear Sir
I hereby give you notice that the guarantee dated the …..day of………. which I executed in your favour for payment of all moneys which were then or at any time thereafter may be due to you from AB of, etc., on the balance of his account, is hereby revoked and determined; and I give you further notice that if you make any further advances or payments, or give further credit to the said AB, you would do so on your own and the same shall have nothing to do whatsoever with the said guarantee which stands hereby revoked.
Yours faithfully
Date CD (Surety)
(Section 130 of the Indian Contract Act 1872)
To
EF (Creditor)
Dear Sir
I hereby give you notice that the guarantee dated the …..day of………. which I executed in your favour for payment of all moneys which were then or at any time thereafter may be due to you from AB of, etc., on the balance of his account, is hereby revoked and determined; and I give you further notice that if you make any further advances or payments, or give further credit to the said AB, you would do so on your own and the same shall have nothing to do whatsoever with the said guarantee which stands hereby revoked.
Yours faithfully
Date CD (Surety)