Section 137

Creditor's forbearance to sue does not discharge surety.

The Indian Contract Act, 1872

  • Act 9 of 1872
  • Ministry of Law and Justice
  • Legislative Department
All sections
    Mere forbearance on the part of the creditor to sue the principal debtor or to enforce any other remedy against him does not, in the absence of any provision in the guarantee to the contrary, discharge the surety.
     Illustration
     B owes to C a debt guaranteed by A. The debt becomes payable. C does not sue B for a year after the debt has become payable. A is not discharged from his suretyship.
    

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

Scroll to Top