Section 138 Indian Contract Act 1872
Section 138 of the Indian Contract Act 1872 is about Release of one co-surety does not discharge others. It is under CHAPTER VIII of the Act. CHAPTER VIII is titled OF INDEMNITY AND GUARANTEE.
Release of one co-surety does not discharge others
Where there are co-sureties, a release by the creditor of one of them does not discharge the others; neither does it free the surety so released from his responsibility to the other sureties.
Section 137 Indian Contract Act 1872 (Creditor‟s forbearance to sue does not discharge surety)