If the creditor does not enforce the suretyship agreement within the time limits provided for such contract enforcement in the surety's jurisdiction,the obligation is forever discharged.

Question

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If the creditor fails to enforce the suretyship agreement within the time limits set by the jurisdiction of the surety, the obligation is discharged, and the surety is free from liability. This is known as the statute of limitations for suretyship agreements.

If the Creditor Does Not Enforce the Suretyship Agreement Within