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TypeBare Act JurisdictionCentral Government Enacted1872

Contract Act, 1872 Section 126

"CONTRACT OF GUARANTEE", "SURETY", "PRINCIPAL DEBTOR" AND "CREDITOR" A "contract of guarantee" is a contract to perform

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https://sooperkanoon.com/act/452298

Bare act section · Research

About this section

Contract Act, 1872 Section 126 is part of Contract Act, 1872 - "CONTRACT OF GUARANTEE", "SURETY", "PRINCIPAL DEBTOR" AND "CREDITOR" A "contract of guarantee" is a contract to perform. Read the section text below and explore Indian court judgments that cite it.

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Section Text

SECTION 126: "CONTRACT OF GUARANTEE", "SURETY", "PRINCIPAL DEBTOR" AND "CREDITOR" 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 Contract Act, 1872 Section 126 provide?

Section Section 126 of the Contract Act, 1872 ("CONTRACT OF GUARANTEE", "SURETY", "PRINCIPAL DEBTOR" AND "CREDITOR" A "contract of guarantee" is a contract to perform) is reproduced on this page as part of the 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 Contract Act, 1872 Section 126?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference 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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