Contract of Suretyship in Nepal: Analysis with Provisions and Precedents

Authors

  • Satya Narayan Kalika Shanker Dev Campus, Tribhuvan University, Nepal

DOI:

https://doi.org/10.3126/md.v24i1.47554

Keywords:

favored debtor, guarantee, indemnity, principal debtor, subrogation

Abstract

The superstructure of guarantee contract stands on the basis of the Surety who takes responsibility of principal debtor and ensures to perform liability to the Creditor in case the debtor defaults. The purpose of this study is to analyze the role of surety in the contract of suretyship on the basis of legal frameworks and judicial decisions of Supreme Court of Nepal and common law countries. As a doctrinal Research, it will adopt exploratory doctrinal and analytical research design. It is based on the doctrinal sources. It uses the qualitative data; collected from both primary as well as secondary sources of law.

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Author Biography

Satya Narayan Kalika, Shanker Dev Campus, Tribhuvan University, Nepal

Lecturer

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Published

2021-07-04

How to Cite

Kalika, S. N. (2021). Contract of Suretyship in Nepal: Analysis with Provisions and Precedents. Management Dynamics, 24(1), 139–150. https://doi.org/10.3126/md.v24i1.47554

Issue

Section

Research Article