What is the term for a guarantee that covers multiple related transactions over time?

1872 Contract Act MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

PPSCFPSCNTSPakistan govt jobs
Subject
1872 Contract Actjudiciary-and-law-mcqs › 1872-contract-act
Published
7 May 2019
Last updated
28 May 2026

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Explanation

A continuing guarantee is one that applies to a series of transactions rather than a single one. Unlike a specific or special guarantee, it remains in effect until it is revoked or fulfilled.

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