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        Indian Laws

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

        Indian Contract Act, 1872
        Chapter VIII
        OF INDEMNITY AND GUARANTEE

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        Surety not discharged when a creditor contracts with a third person to give time to the principal debtor. A creditor's contract with a third person to give time to the principal debtor does not discharge the surety; where the extension of time is made with a third person and not with the principal debtor, the surety's liability remains.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Surety not discharged when a creditor contracts with a third person to give time to the principal debtor.

                              A creditor's contract with a third person to give time to the principal debtor does not discharge the surety; where the extension of time is made with a third person and not with the principal debtor, the surety's liability remains.


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