Category of Bare Act | Name of the Act | Year of Promulgation |
---|---|---|
Civil Laws | Indian Contract Act, 1872 | 1872 |
Act Number | Enactment Date | Chapter Number |
9 | 1872-04-25 | 8 |
Chapter Title | Ministry | Department |
Of indemnity and guarantee | Ministry of Law and Justice, Legislative Department | Department of Law and Legislative Affairs |
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 to B. A is not discharged.