Section 135
Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor
Chapter 9: Of indemnity and guarantee
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.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 132Liability of two persons, primarily liable, not affected by arrangement between them that one shall be surety on other‟s default
- 133Discharge of surety by variance in terms of contract
- 134Discharge of surety by release or discharge of principal debtor
- 136Surety not discharged when agreement made with third person to give time to principal debtor
- 137Creditor‟s forbearance to sue does not discharge surety
- 138Release of one co-surety does not discharge others