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

The Indian Contract Act, 1872Central Act · Act 9 of 1872

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.

Where this provision sits

ActThe Indian Contract Act, 1872
Section136
Marginal noteSurety not discharged when agreement made with third person to give time to principal debtor.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it2

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