Indian Contract Act : Discharge of surety when creditor compounds with, givestime to, or agrees not to sue,

Indian Contract Act,1872

Act No : 9

Section : Discharge of surety when creditor compounds with, givestime to, or agrees not to sue, principal debtor

135. Discharge of surety when creditor compounds with, givestime to, or agrees not to sue, principal debtor.-A contract betweenthe creditor and the principal debtor, by which the creditor makes acomposition with, or promises to give time to, or not to sue, theprincipal debtor, discharges the surety, unless the surety assents tosuch contract.53