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Section 140: Rights of surety on payment or performance.

The Indian Contract Act, 1872Central Act · Act 9 of 1872

Where a guaranteed debt has become due, or default of the principal debtor to perform a guaranteed duty has taken place, the surety upon payment or performance of all that he is liable for, is invested with all the rights which the creditor had against the principal debtor.

Where this provision sits

ActThe Indian Contract Act, 1872
Section140
Marginal noteRights of surety on payment or performance.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it4

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