Section 140 – THE INDIAN CONTRACT ACT, 1872

Rights of surety on payment or performance

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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Practice area's of B K Goyal & Co LLP

Company Registration Services in major cities of India

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