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.
TITLE. Repealed · CHAPTERVIII OF INDEMNITY AND GUARANTEE
Section 142: Guarantee obtained by misrepresentation invalid
Questions on this section
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1. Under Section 142 of the Indian Contract Act, 1872, a guarantee obtained by means of misrepresentation made by the creditor, or with his knowledge and assent, concerning a material part of the transaction is: