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The Law Easy

Indian Contract Act, 1872

Section 140, Contract Act

Study material

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Published material from The Law Easy that cites Section 140.

Notes and articles

Law of Contract II (Specific Contracts) Complete notes

Contract Law II: Complete Notes

About this subject ▶ Watch this part of the lecture (0:00) Contract Law II has six units, from indemnity to how these rules work for governments and consumers. These contracts arise daily: handing car keys to a valet, pledging gold for a loan, buying a phone, starting a business with a friend. Conn…

126 min read

Transfer of Property Act, 1882

Doctrine of Subrogation: Meaning, Case laws and Provisions

Subrogation occurs when one party, often after fulfilling the obligations of another, assumes the legal rights of the creditor against the debtor. This right can arise automatically by law or through the terms of a cont…

9 min read

Law of Contract II (Specific Contracts) Complete notes

Law of Contract II

A Contract of Indemnity is defined under Section 124 of the Indian Contract Act, 1872. It refers to a promise by one party (the indemnifier) to save the other party (the indemnity-holder) from losses caused by the condu…

38 min read

Practice MCQs

1 practice question tests this section.

  1. 1 A bank lent money to a borrower on the guarantee of a surety. The trial court decreed the suit against both but directed that the bank could proceed against the surety only after exhausting its remedies against the borro...
Practise Law of Contract I (General Principles) MCQs

Official text

We show statutory text only after checking it word for word against the official source. Read Section 140 of the Indian Contract Act, 1872 on India Code.

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