Section 140 of the Indian Contract Act, 1872.

Bihar Judiciary (PCS-J) Preparation Bihar Assistant Prosecution Officer (APO) Preparation

Rights of surety on payment or performance.—

Where a guaranteed debt has become due, or default of the principal debtor to perform a guaranteed duty has taken place, the surety upon payment or performance of all that he is liable for, is invested with all the rights which the creditor had against the principal debtor.

 

Also Check: The Indian Contract Act Free One Liner Notes

 

Important Links

Free Judiciary Classes ♦ Free One Liner Notes ♦ Free Detailed Notes ♦ Free Mock Tests ♦ Judiciary Syllabus ♦ Judiciary PYQs ♦ Free MCQs ♦ Bare Acts

Free Judiciary Coaching
Free Judiciary Notes
Free Judiciary Mock Tests
Bare Acts