22Revocation of continuing guaranty by change in firm

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22 Revocation of continuing guaranty by change in firm

A continuing guaranty given either to a firm or to a third person in respect of the transactions of a firm is in the absence of agreement to the contrary revoked as to future transactions by any change in the constitution of the firm to which or of the firm in respect of the transactions of which the guaranty was given.

Heading substituted as Pt 2 Div. 3 (Heading) by No. 43/1992 s. 4(d).

Section 22 - Partnership Act 1958 - Revocation of continuing guaranty by change in firm | Zoe