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Under Section 133, a variance in the terms of the contract between creditor and principal debtor made without the surety's consent:
ADischarges the surety as to transactions subsequent to the variance
BDischarges only the principal debtor
CHas no effect on the surety
DIncreases the surety's liability
Answer & Solution
Correct answer: A. Discharges the surety as to transactions subsequent to the variance
Section 133 discharges the surety in respect of transactions after a variance made without his consent, since it alters the bargain he guaranteed.
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