Decoding Contracts of Guarantee A Critical Analysis of Sections 130, 143, and 145 of the Indian Contract Act

This paper critically examines key provisions of the Indian Contract Act, 1872, specifically those related to contracts of guarantee. Focusing on Sections 130, 143, and 145, the study analyses through literal interpretations, identification of legislative loopholes, and discussions of landmark case laws, the paper explores the ambiguities and practical challenges within these provisions. The findings highlight the need for greater clarity in the law to safeguard the interests of sureties and promote equitable enforcement of guarantee contracts in India.