Indian Contract Act,1872
Act No : 9
Section : Creditor's forbearance to sue does not discharge surety
137. Creditor's forbearance to sue does not discharge surety.-Mere forbearance on the part of the creditor to sue the principaldebtor or to enforce any other remedy against him does not, in theabsence of any provision in the guarantee to the contrary, dischargethe surety. Illustration B owes to C a debt guaranteed by A. The debt becomes payable. Cdoes not sue B for a year after the debt has become payable. A is notdischarged from his suretyship.
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aku kingx
wrote on 06 September 2009
the topic of forbearance to sue
aku kingx
wrote on 06 September 2009
lets discuss this topic deeply