Surety

Surety

Bachelor of Business Studies (BBS) — Third Year

Subject: Business Law (MGT 204)

Unit 7: Contract of Indemnity and Guarantee

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of surety.
• Identify the relevant legal concepts, distinguish parties' positions and analyze a syllabus-based case using the specified legal materials.

Curriculum Scope

• Rights, duties and liabilities of surety
• Discharge of surety

Detailed Microsyllabus

1. Surety's position

   1. Rights and duties in relation to creditor and debtor.
   2. Scope of liability under the guarantee.
   3. Relevant recovery or contribution concepts.

2. Discharge

   1. Study recognized grounds for discharge.
   2. Assess changes in obligations or creditor conduct.
   3. Apply the specified provisions to a case.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 16–18.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Legal examples must identify the governing law and amendment version supplied for the course; a curriculum heading does not by itself establish a currently applicable legal rule.

Legal reading reference: Consult the Nepal Law Commission's index of Acts and its Civil Code, 2074 page for the prescribed primary legal materials.