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Welcome to **CWG for BCOM**!
In this lecture, we explain the **Contract of Guarantee** from **Business Law Chapter-8** under the **Indian Contract Act, 1872**. This topic is extremely important for **BCOM Semester Exams (2025–26)** as well as **CA Foundation, CS Foundation, and CMA Foundation**. The concept of guarantee is widely used in practical business situations such as loans, advances, and credit transactions.

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### **What You’ll Learn in This Video:**

Meaning and Definition of Contract of Guarantee (Section 126)
Parties to a Contract of Guarantee

* Surety
* Principal Debtor
* Creditor
Essential Features of a Valid Contract of Guarantee
Types of Guarantee – Specific & Continuing
Difference between Indemnity and Guarantee
Example-Based Explanation
University Exam-Oriented Notes

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### **Who Should Watch This Video:**

BCOM & BBA Students – Semester Exam 2025–26
CA Foundation, CS Foundation & CMA Foundation Aspirants
Students preparing for **Indian Contract Act, 1872**
Hindi & English Medium Learners

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### **Learn More with CWG for BCOM:**

**Download the CWG for BCOM App (Paid Courses Available)**
[https://play.google.com/store/apps/details?id=com.commerce.wale.guruji](https://play.google.com/store/apps/details?id=com.commerce.wale.guruji)

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### **Stay Connected:**

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Email: **[[email protected]](mailto:[email protected])**

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