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S and P go into a shop. S says to the shopkeeper, "let P have goods and if he does not pay you, I will pay". This is a contract of*GuaranteeContract of IdemnityWageringQuasi Contract

Question

S and P go into a shop. S says to the shopkeeper, "let P have goods and if he does not pay you, I will pay". This is a contract of*GuaranteeContract of IdemnityWageringQuasi Contract

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Solution

This is a contract of Guarantee. In this scenario, S is acting as a guarantor for P. If P fails to pay for the goods, S has agreed to take on the responsibility of payment. This is the basic principle of a contract of guarantee.

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