Indian Contract Act : Rights of surety on payment or performance Indian Bare Acts :

Indian Contract Act,1872

Act No : 9

Section : Rights of surety on payment or performance

140.Rights of surety on payment or performance. Where aguaranteed debt has become due, or default of the principal debtor toperform a guaranteed duty has taken place, the surety, upon payment orperformance of all that he is liable for, is invested with all therights which the creditor had against the principal debtor.