Under the Indian Contract Act, 1872, which of the following Sections incorporates the surety's right of…
The surety's right of subrogation, to step into the creditor's shoes and exercise all the rights the creditor had against the principal debtor upon paying off the guaranteed…
Choose your answer
Under the Indian Contract Act, 1872, which of the following Sections incorporates the surety's right of subrogation
Answer and explanation
Correct answer B
The surety's right of subrogation, to step into the creditor's shoes and exercise all the rights the creditor had against the principal debtor upon paying off the guaranteed debt, is provided in s.140 of the Indian Contract Act, not sections 139, 141 or 142.
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