Section 142, Indian Contract Act, 1872 — Guarantee obtained by misrepresentation invalid

Chapter VIII · Of Indemnity and Guarantee

142Guarantee obtained by misrepresentation invalid.

Section 142 · Chapter VIII · page 37 of the Act

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 142 of The Indian Contract Act, 1872 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.