138: Release of one co-surety does not discharge others
The Contract Act · Federal Acts · Chapter VIII · in_force
Discuss this provision with AI
Where there are co-sureties, a release by the creditor of one of them does not discharge the others; neither does it free the surety so released from his responsibility to the other sureties.
Related sections
137: Creditor’s forbearance to sue does not discharge surety139: Discharge of surety by creditor’s act or omission impairing surety’s eventual remedy136: Surety not discharged when agreement made with third person to give time to principal140: Rights of surety on payment or performance135: Discharge of surety when creditor compounds with, gives time to, or agrees not to sue,141: Surety’s right to benefit of creditor’s securities
Version 1 · Source-traceable official reference. LawHub does not modify the official record.