Distinguish between Continuing guarantee and Counter guarantee.

Continuing Guarantee Section 129 of the Indian Contract Act, 1872, lays down that a guarantee which extends to a series of transactions is called a continuing guarantee, and according to Section 130 of the Indian Contract Act, 1872, a continuing guarantee may be revoked by the surety at any time as to future transactions, by notice to the creditor. Counter Guarantee A guarantee given by the principal debtor to the surety providing him continuing indemnity against any loss or damage that the surety may suffer on account of default on the part of the principal debtor, is called "counter guarantee"