142: Guarantee obtained by misrepresentation invalid
The Contract Act · Federal Acts · Chapter VIII · in_force
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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.
Related sections
141: Surety’s right to benefit of creditor’s securities143: Guarantee obtained by concealment invalid140: Rights of surety on payment or performance144: Guarantee on contract that creditor shall not act on it until co-surety joins139: Discharge of surety by creditor’s act or omission impairing surety’s eventual remedy145: Implied promise indemnify surety
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