A creditor's extension of time to a debtor for making payment,without the consent of a surety,may discharge the surety.

Question

Quizplus · Accepted Answer

If a creditor extends the time for a debtor to make payments without the consent of the surety, it can discharge the surety from their obligations. This is because the surety's obligation is to guarantee that the debtor will pay on time, and if the creditor changes the terms of the agreement without the surety's consent, it can affect their ability to fulfill their obligation.

A Creditor's Extension of Time to a Debtor for Making