38. Revocation of continuing guarantee by change in firm.
A continuing guarantee given to a firm, or to a third party in respect of the transactions of a firm, is, in the absence of agreement to the contrary, revoked as to future transactions from the date of any change in the constitution of the firm.
- Section 338 BNS (Bharatiya Nyaya Sanhita) - 2nd September 2025
- Section 339 BNS (Bharatiya Nyaya Sanhita) - 1st September 2025
- Section 340 BNS (Bharatiya Nyaya Sanhita) - 1st September 2025
