Section 144 Indian Contract Act 1872 (Guarantee on contract that …)
Section 144 Indian Contract Act 1872
Section 144 of the Indian Contract Act 1872 is about Guarantee on contract that creditor shall not act on it until co-surety joins. It is under CHAPTER VIII of the Act. CHAPTER VIII is titled OF INDEMNITY AND GUARANTEE.
Guarantee on contract that creditor shall not act on it until co-surety joins
Where a person gives a guarantee upon a contract that the creditor shall not act upon it until another person has joined in it as co-surety, the guarantee is not valid if that other person does not join.
See also:
Section 143 Indian Contract Act 1872 (Guarantee obtained by concealment invalid)