Question
Where a person gives a guarantee upon a contract that
the creditor shall not act upon it until another person has joined in it as co-suretySolution
Transfer of Property Act Section 58. Mortgage , mortgagor , mortgagee , mortgage-money and mortgage- deed defined Section 144 of Indian Contract Act Guarantee on contract that creditor shall not act on it until co-surety joins.—Where a person gives a guarantee upon a contract that the creditor shall not act upon it until another person has joined in it as co-surety, the guarantee is not valid if that other person does not join.
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