Which of the following Sections of the Indian Contract Act, 1872 deal with 'Surety's right to benefit…
Section 141 of the Indian Contract Act gives a surety the right to the benefit of every security the creditor holds against the principal debtor at the time the contract of…
Choose your answer
Which of the following Sections of the Indian Contract Act, 1872 deal with 'Surety's right to benefit of creditor's securities?
Answer and explanation
Correct answer D
Section 141 of the Indian Contract Act gives a surety the right to the benefit of every security the creditor holds against the principal debtor at the time the contract of suretyship is entered into, whether or not the surety knew of that security.
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