According to Section 127 of the Indian Contract Act, 1872, what may constitute a sufficient consideration for the surety to give a guarantee?

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Law · Indian Contract Act

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Anything done or any promise made for the benefit of the principal debtor

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Answer 1

The mere execution of a written agreement without any underlying benefit

Answer 2

A counter-guarantee given by the principal debtor to the creditor

Answer 3

Anything done or any promise made for the benefit of the principal debtor

Answer 4

Direct monetary payment to the surety only

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