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TypeBare Act JurisdictionCentral Government

Indian Contract Act, 1872 Section 143

Guarantee Obtained by Concealment Invalid

~1 min read
https://sooperkanoon.com/act/14420

Bare act section · Research

About this section

Indian Contract Act, 1872 Section 143 is part of Indian Contract Act, 1872 - Guarantee Obtained by Concealment Invalid. Read the section text below and explore Indian court judgments that cite it.

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Section Text

Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is invalid.

Illustrations

(a) A engages B as clerk to collect money for him. B fails to account for some of his receipts, and A in consequence calls upon him to furnish security for his duly accounting. C gives his guarantee for B's duly accounting. A does not acquaint C with B's previous conduct. B afterwards makes default. The guarantee is invalid.

(b) A guarantees to C payment for iron to be supplied by him to B to the amount of 2,000 tons. B and C have privately agreed that B should pay five rupees per ton beyond the market price, such excess to be applied in liquidation of an old debt. This agreement is concealed from A. A is not liable as a surety.

Frequently asked questions

What does Indian Contract Act, 1872 Section 143 provide?

Section Section 143 of the Indian Contract Act, 1872 (Guarantee Obtained by Concealment Invalid) 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 143?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Indian Contract Act, 1872 Section 143. 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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