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Indian Laws

Home Acts & Rules Indian Laws Indian Laws - Acts Indian Contract Act, 1872 Chapter VIII = OF INDEMNITY AND GUARANTEE Chapters List This

OF INDEMNITY AND GUARANTEE - Indian Contract Act, 1872
Chapter: VIII
OF INDEMNITY AND GUARANTEE
Section 124 : "Contract of indemnity" defined
Section 125 : Rights of indemnity-holder when sued
Section 126 : "Contract of guarantee", "surety", "principal debtor" and "creditor"
Section 127 : Consideration for guarantee
Section 128 : Surety's liability
Section 129 : Continuing guarantee
Section 130 : Revocation of continuing guarantee
Section 131 : Revocation of continuing guarantee by surety's death
Section 132 : Liability of two persons, primarily liable, not affected by arrangement between them that one shall be surety on other's default
Section 133 : Discharge of surety by variance in terms of contract
Section 134 : Discharge of surety by release or discharge of principal debtor
Section 135 : Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor
Section 136 : Surety not discharged when agreement made with third person to give time to principal debtor
Section 137 : Creditor's forbearance to sue does not discharge surety
Section 138 : Release of one co-surety does not discharge others
Section 139 : Discharge of surety by creditor's act or omission impairing surety's eventual remedy
Section 140 : Rights of surety on payment or performance
Section 141 : Surety's right to benefit of creditor's securities
Section 142 : Guarantee obtained by misrepresentation invalid
Section 143 : Guarantee obtained by concealment invalid
Section 144 : Guarantee on contract that creditor shall not act on it until co-surety joins
Section 145 : Implied promise to indemnify surety
Section 146 : Co-sureties liable to contribute equally
Section 147 : Liability of co-sureties bound in different sums
 

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