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Section 131, Contract Act 1872: Revocation Of Continuing Guarantee By Surety's Death

Section 131 under the Chapter VIII (Of indemnity and guarantee) of the Contract Act, 1872 of India - 'Revocation of continuing guarantee by surety's death', is reproduced hereunder:—

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

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