Section 140 Indian Contract Act 1872
Section 140 of the Indian Contract Act 1872 is about Rights of surety on payment or performance. It is under CHAPTER VIII of the Act. CHAPTER VIII is titled OF INDEMNITY AND GUARANTEE.
Rights of surety on payment or performance
Where a guaranteed debt has become due, or default of the principal debtor to perform a guaranteed duty has taken place, the surety upon payment or performance of all that he is liable for, is invested with all the rights which the creditor had against the principal debtor.
See also:
Section 139 Indian Contract Act 1872 (Discharge of surety of creditor‟s act or omission impairing surety‟s eventual remedy)