The death of the surety operates, in the absence of any contract to the contrary, as a revocation of a continuing guarantee, so far as regards future transactions.
Indian Contract Act, 1872 Section 131 - Bare Act |
| State | Central Government |
| Year | 1872 |
| Section Title | Revocation of Continuing Guarantee by Suretys Death |
The death of the surety operates, in the absence of any contract to the contrary, as a revocation of a continuing guarantee, so far as regards future transactions.