Section 131. Revocation of continuing guarantee by surety’ death

Category of Bare Act Name of the Act Year of Promulgation
Civil Laws Indian Contract Act, 1872 1872
Act Number Enactment Date Chapter Number
9 1872-04-25 8
Chapter Title Ministry Department
Of indemnity and guarantee Ministry of Law and Justice, Legislative Department Department of Law and Legislative Affairs

The death of the surety operates, in the absence of any contract to the contrary, as a revocation of ma continuing guarantee, so far as regards future transactions.