Section 131 Indian Contract Act 1872
Section 131 of the Indian Contract Act 1872 is about Revocation of continuing guarantee by surety’s death. It is under CHAPTER VIII of the Act. CHAPTER VIII is titled OF INDEMNITY AND GUARANTEE.
Revocation of continuing guarantee by surety’s death
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.
Section 130 Indian Contract Act 1872 (Revocation of continuing guarantee)