Guarantee has always remained a subject of great curiosity for the bankers as well as to a common man dealing with financial transactions. The Present book `Law Relating to Guarantees` has proved to be an authoritative work on the subject over the years. Since its first edition the author and revising authors have kept on further improving it for better, clear, informative and beneficial use of its readers. Subject relating to guarantees and all other allied topicse.g., contract of indemnity, consideration, surety`s rights and liabilities, letters of credit, applicability of law of limitation on bank guarantees etc., have been lucidly explained thereby making the book more exhaustive and explanatory. The book contains different chapters dealing with different aspects of the subject, which are further categorised into different sections for easy access and readability. Recent and updated case-law have been elaborately dealt with and placed at appropriate places. Apart from including various pro-formas of guarantees for easy and ready reference and use, it also includes proformas of indemnity bonds useful for the banks. Various international documents relating to the subject update the readers with the latest information.