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INSTRUMENTS ACT 1958 - SECT 129 Consideration for guarantee need not appear in writing

INSTRUMENTS ACT 1958 - SECT 129

Consideration for guarantee need not appear in writing

No special promise by any person to answer for the debt default or miscarriage of another person, being in writing and signed by the party to be charged therewith or some other person by him thereunto lawfully authorized, shall be deemed invalid to support an action to charge the person by whom such promise has been made, by reason only that the consideration for such promise does not appear in writing or by necessary inference from a written document.

No. 3706 s. 132.