In forceUpdated to 1 Jan 2006Current version · Updated to 1 Jan 2006
Contracts Act 1950 · Updated to 1 Jan 2006 · Part VIII · Of Indemnity and Guarantee
90. Creditor’s forbearance to sue does not discharge surety
Feedback & supportMere 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.
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.