Section 144 - Guarantee on contract that creditor shall not act on it until co-surety joins : Indian Contract Act 1872

What is Guarantee on contract that creditor shall not act on it until co-surety joins? Section 144 of Indian Contract Act 1872


 

Section 144 of Indian Contract Act 1872 : "Guarantee on contract that creditor shall not act on it until co-surety joins"

144. Where a person gives a guarantee upon a contract that the creditor shall not act upon it until another person has joined in it as co-surety, the guarantee is not valid if that other person does not join.

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