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Under the Indian Contract Act, 1872, the rule of revocation by death applies:

Section 131 of the Indian Contract Act, 1872 makes the surety's death a revocation of a continuing guarantee as regards future transactions "in the absence of any contract…

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Under the Indian Contract Act, 1872, the rule of revocation by death applies:

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Section 131 of the Indian Contract Act, 1872 makes the surety's death a revocation of a continuing guarantee as regards future transactions "in the absence of any contract to the contrary". The parties can therefore agree otherwise, and no court order or creditor's consent is needed for the rule to apply.

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