133 of contract act

Querist : Anonymous (Querist) 21 August 2010 This query is : Resolved
is there any high court judgements when principal borrower agreed to reapy entire loan amount surety are discharged.

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Chanchal Nag Chowdhury (Expert) 21 August 2010
Actual payment is necessary, only agreeing to repay will not discharge the surety.
However,principal borrower can discharge the surety in the interim provided he furnishes adequate security to the satisfaction of the lender.

DEFENSE ADVOCATE.-firmaction@g (Expert) 21 August 2010
Why HC judgements needed.

s.subramanian (Expert) 21 August 2010
The provision of law in the said section itself is clear enough.

Devajyoti Barman (Expert) 23 August 2010
Yes no ambiguity is there.

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