A favor granted.
2. It is a general rule that where a creditor gives .indulgence,
by entering into a binding contract with a principal debtor, by
which the surety is or may be damnified, such surety is discharged,
because the creditor has put it out of his power to enforce
immediate payment; when the surety would have a right to require
him to do so. 6 Dow, P. C. 238; 3 Meriv. 272; Bac. Ab. Oblig. D;
and see Giving Time.
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