Section 19Part 3 — Relations of Partners to Persons Dealing With Them
Revocation of continuing guarantee by change in firm
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A continuing guarantee given either to a firm or to a third person in respect of the transactions of a firm is, in the absence of agreement to the contrary, revoked as to future transactions by any change in the constitution of the firm to which, or of the firm in respect of the transactions of which, the guarantee was given.