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Indian Contract Act, 1872


136. Surety not discharged when agreement made with third person to give time to principal debtor

Where a contract to give time to he principal debtor is made by the creditor with a third person, and not with the principal debtor, the surety is not discharged.

Illustration

C, the holder of an overdue bill of exchange drawn by A as surety for B, and accepted by B, contracts with M to give to B. A is not discharged.



Indian Contract Act, 1872 Back




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