Section 142 Indian Contract Act 1872
Section 142 of the Indian Contract Act 1872 is about Guarantee obtained by misrepresentation invalid. It is under CHAPTER VIII of the Act. CHAPTER VIII is titled OF INDEMNITY AND GUARANTEE.
Guarantee obtained by misrepresentation invalid
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.
Section 141 Indian Contract Act 1872 (Surety’s right to benefit of creditor’s securities)