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In this video tutorial, Ritesh discusses three main topics related to sureties as outlined in the Indian Contract Act: the nature of sureties' liability (Section 128), continuing guarantees (Section 129), and joint debtors (Section 132). Section 128 states that a surety's liability is coextensive with that of the principal debtor, meaning that if the principal debtor is liable for a specific amount, the surety is equally liable unless specified otherwise in the contract. For instance, if a principal debtor owes $100, the surety will also owe $100. This foundational concept is crucial for understanding the obligations of sureties in contractual agreements.
