128. Surety’s liability.—The liability of the surety is co - extensive with that of the principal debtor, unless it is otherwise provided by the contract.
Illustration A guarantees to B the payment of a bill of exchange by C, the acceptor. The bill is dishonoured by C. A is liable , not only for the amount of the bill, but also for any interest and charges which may have become due on it.
Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.
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