Section 135 Indian Contract Act 1872 (Discharge of surety when creditor …)
Section 135 Indian Contract Act 1872
Section 135 of the Indian Contract Act 1872 is about Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor. It is under CHAPTER VIII of the Act. CHAPTER VIII is titled OF INDEMNITY AND GUARANTEE.
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.
See also:
Section 134 Indian Contract Act 1872 (Discharge of surety by release or discharge of principal debtor)