Section 136 Indian contract Act, 1872

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Section 136 Indian contract Act, Sec 136 Contract Act

Next : Section 137 –> | <– Previous : Section 135

136. Surety not discharged when agreement made with third person to give time to principal debtor.—Where a contract to give time to the principal debtor is made by the creditor with a third person, and not with the principal debtor, the surety is not discharged.

Illustration

C, the holder of an overdue bill of exchange drawn by A as surety for B, and accepted by B, contracts with M to give time to B. A is not discharged.

Next : Section 137 –> | <– Previous : Section 135