Rights of a Surety [LAW OF CONTRACT]

This video is about Rights of a Surety in a contract of guarantee.

A surety has mainly three kind of rights:-

1. Right against the principal debtor.
(a) The right of subrogation (section 140).
(b) the right to indemnity (section 145).

2. Right against the creditor.
(a) Right to securities.

3. Right against the co-sureties.
(a) Right to contribution (section 146-147).

All these rights are explained in this video with examples.

lecture on the Contract of indemnity:- https://www.youtube.com/edit?o=U&vide...

lecture on the contract of guarantee:-
https://www.youtube.com/edit?o=U&vide...

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