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Section 140 - Rights of surety on payment of performance : Indian Contract Act 1872

What are the Rights of surety on payment of performance? Section 140 of Indian Contract Act 1872


 

Section 140 of Indian Contract Act 1872 : "Rights of surety on payment of performance"

140. 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.

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