Section 142
Guarantee obtained by misrepresentation invalid
Chapter 9: Of indemnity and guarantee
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.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 139Discharge of surety of creditor‟s act or omission impairing surety‟s eventual remedy
- 140Rights of surety on payment or performance
- 141Surety‟s right to benefit of creditor‟s securities
- 143Guarantee obtained by concealment invalid
- 144Guarantee on contract that creditor shall not act on it until co-surety joins
- 145Implied promise to indemnify surety