Section 131 of the Indian Contract Act, 1872 – Revocation of continuing guarantee by surety’s death

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Section 131: Revocation of continuing guarantee by surety’s 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.

Source: official text of The Indian Contract Act, 1872 as published on India Code (PDF). All sections of the Indian Contract Act, 1872.

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