Indian Contract Act, 1872
Section - 128 - Surety's liability
Surety's liability
128. 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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