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Section 131 - Revocation of continuing guarantee by suretys death : Indian Contract Act 1872

What is Revocation of continuing guarantee by suretys death? Section 131 of Indian Contract Act 1872


 

Section 131 of Indian Contract Act 1872 : "Revocation of continuing guarantee by suretys death"

131. The death of the surety operates, in the absence of any contract to the contrary, as a revocation of a continuing guarantee, so far as regards future transactions.

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