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In force2023 Revised Edition
Contents

Part · Indemnity and Guarantee

88. Discharge of surety when creditor compounds with, gives time to, or agrees not to sue principal debtor

A contract between the creditor and the principal debtor by which the creditor makes a composition with, or promises to give time to or not to sue, the principal debtor, discharges the surety, unless the surety assents to such contract.