Mera Samvidhaan All of Indian Contract Act, 1872

Chapter VIII · Of Indemnity and Guarantee

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

Section 136 · Chapter VIII · page 36 of the Act

Where a contract to give time to the 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 time to B. A is not discharged.

Section 136 of The Indian Contract Act, 1872 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.