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Section 142, Contract Act 1872: Guarantee Obtained By Misrepresentation, Invalid

Section 142 under the Chapter VIII (Of indemnity and guarantee) of the Contract Act, 1872 of India - 'Guarantee obtained by misrepresentation, invalid', is reproduced hereunder:—

“Any guarantee which has been obtained by means of misrepresentation made by the creditor, or with his knowledge and assent, concerning a material part of the transaction, is invalid.”

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