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TypeBare Act JurisdictionCentral Government

Indian Contract Act, 1872 Section 126

Contract of Guarantee, Surety, Principal Debtor and Creditor

~1 min read
https://sooperkanoon.com/act/14403

Bare act section · Research

About this section

Indian Contract Act, 1872 Section 126 is part of Indian Contract Act, 1872 - Contract of Guarantee, Surety, Principal Debtor and Creditor. Read the section text below and explore Indian court judgments that cite it.

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Section Text

A contract of guarantee is a contract to perform the promise, or discharge the liability, of a third person in case of his default. The person who gives the guarantee is called the surety; the person in respect of whose default the guarantee is given is called the principal debtor, and the person to whom the guarantee is given is called the creditor. A guarantee may be either oral or written.

Frequently asked questions

What does Indian Contract Act, 1872 Section 126 provide?

Section Section 126 of the Indian Contract Act, 1872 (Contract of Guarantee, Surety, Principal Debtor and Creditor) is reproduced on this page as part of the Indian Contract Act, 1872. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Indian Contract Act, 1872 Section 126?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Indian Contract Act, 1872 Section 126. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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