Under the Indian Contract Act, 1872, in which of the following circumstance a surety stands discharged?
Under section 133, "any variance, made without the surety's consent, in the terms of the contract" discharges the surety as to later transactions, and under section 134 he…
Choose your answer
Under the Indian Contract Act, 1872, in which of the following circumstance a surety stands discharged?
Answer and explanation
Correct answer C
Under section 133, "any variance, made without the surety's consent, in the terms of the contract" discharges the surety as to later transactions, and under section 134 he is discharged by any contract or act of the creditor by which the principal debtor is released. Under section 137 mere forbearance to sue does not discharge him, and the principal debtor's death does not by itself end the surety's liability.
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