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Section 128, Contract Act 1872: Surety's Liability

Section 128 under the Chapter VIII (Of indemnity and guarantee) of the Contract Act, 1872 of India - "Surety's liability", is reproduced hereunder:—

“The liability of the surety is co-extensive with that of the principal debtor, unless it is otherwise provided by the contract.

Illustration

A guarantees to B the payment of a bill of exchange by C, the acceptor. The bill is dishonoured by C. A is liable not only for the amount of the bills but also for any interest and charges which may have become due on it.”

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