Tudor v. Goodloe

delivered tlie Opinion of flie Court.

This is a suit in Chancery seeking the exoneration of a surety in a bond, on the ground that, after the debt became due, the creditor, without his knowledge, indulged the principal obligor upon his promise to pay twelve per cent, interest for the forbearance. The Circuit Court having decreed the relief sought by the bill, the only question we shall consider is, whether such indulgence released the surety in equity.

It is now well settled by a series of modern adjudications, in England and in this country that, when there has been no legal novation, or…