Section 135 of the Indian Contract Act, 1872.

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Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor.—

A contract between the creditor and the principal debtor, by which the creditor makes a composition with, or promises to give time to, or not to sue, the principal debtor, discharges the surety, unless the surety assents to such contract.

 

Also Check: The Indian Contract Act Free One Liner Notes

 

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