section 137
Creditor's forbearance to sue does not discharge surety.
The Indian Contract Act, 1872Civil1872268 sections11 chapters
Chapter VIII OF INDEMNITY AND GUARANTEE
Statutory text
Mere forbearance on the part of the creditor to sue the principal debtor or to enforce any other remedy against him does not, in the absence of any provision in the guarantee to the contrary, discharge the surety. Illustration B owes to C a debt guaranteed by A. The debt becomes payable. C does not sue B for a year after the debt has become payable. A is not discharged from his suretyship.
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