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Section 135, Contract Act 1872: Discharge Of Surety When Creditor Compounds With...

Section 135 under the Chapter VIII (Of indemnity and guarantee) of the Contract Act, 1872 of India - 'Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor', is reproduced hereunder:—

“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.”

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