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Section 139 of Indian Contract Act

Contract Law | Indemnity and Guarantee

Radha Kanta Pal v. United Bank of India

ByVivek Kumar Verma January 22, 2012

Radha Kanta Pal v. United Bank of India AIR 1955 Cal 217 (Section 139 of Indian Contract Act, Discharge, Rights of a surety) FACTS: The case concerns a contract in the nature of a fidelity bond or a guarantee. A (deceased) executed a security bond in favour of a Bank, B, in consideration of the…

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