Creditor's forbearance to sue does not discharge the surety; delay alone leaves guarantor liability intact without contrary guarantee terms. Creditor's forbearance to sue the principal debtor or to enforce other remedies does not discharge the surety; mere delay by the creditor after a debt becomes payable leaves the surety's obligations intact unless the guarantee expressly provides otherwise.
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.
Creditor's forbearance to sue does not discharge the surety; delay alone leaves guarantor liability intact without contrary guarantee terms.
Creditor's forbearance to sue the principal debtor or to enforce other remedies does not discharge the surety; mere delay by the creditor after a debt becomes payable leaves the surety's obligations intact unless the guarantee expressly provides otherwise.
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