135: Discharge of surety when creditor compounds with, gives time to, or agrees not to sue,
The Contract Act · Federal Acts · Chapter VIII · in_force
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Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor. A contract between the creditor and the principal debtor, by which the creditor makes a composition with, or promises to give time to, or not to sue, the principal debtor discharges the surety, unless the surety assents to such contract.
Related sections
134: Discharge of surety by release or discharge of principal debtor136: Surety not discharged when agreement made with third person to give time to principal133: Discharge of surety by variance in terms of contract137: Creditor’s forbearance to sue does not discharge surety132: Liability of two persons primarily liable, not affected by arrangement between them that on138: Release of one co-surety does not discharge others
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