Law · Indian Contract Act
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, which of the following is correct under Section 136 of the Indian Contract Act, 1872?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The contract of guarantee becomes void
- 2The principal debtor is discharged
- 3The surety is discharged
- 4The surety is not discharged✓
Correct answer
The surety is not discharged
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