ICA 135 — Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor

Indian Contract Act, 1872

Statutory text

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.

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