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CHAPTER VIII
OF INDEMNITY AND GUARANTEE
124. "Contract of indemnity" defined.
125. Rights of indemnity-holder when sued.
126. "Contract of guarantee" "surety", "principal debtor" and "creditor".
127. Consideration for guarantee.
128. Surety's liability.
129. "Continuing guarantee".
130. Revocation of continuing guarantee.
131. Revocation of continuing guarantee by surety's death.
132. Liability of two persons primarily liable, not affected by arrangement between them that one shall be surety on other's default.
133. Discharge of surety by variance in terms of contract.
134. Discharge of surety by release or discharge of principal debtor.
135. Discharge of surety when creditor compounds with, gives time to, or agrees not to sue, principal debtor.
136. Surety not discharged when agreement made with third person to give time to principal debtor.
137. Creditor's forbearance to sue does not discharge surety.
138. Release of one co-surety does not discharge others.
139. Discharge of surety by creditor's act or omission impairing surety's eventual remedy.
140. Rights of surety on payment of performance.
141. Surety's right to benefit of creditor's securities.
142. Guarantee obtained by misrepresentation invalid.
143. Guarantee obtained by concealment invalid.
144. Guarantee on contract that creditor shall not act on it until co-surety joins.
145. Implied promise to indemnity surety.
146. Co-sureties liable to contribute equally.
147. Liability of co-sureties bound in different sums.
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