Indian Contract Act Section 138 — Release of one co-surety does not discharge others

CHAPTER VIII OF INDEMNITY AND GUARANTEE

Commercial / Corporate

Summary

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.

Official Text

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 sureties1.