Williams v. Riley Drug Co.

The principle of law laid down in the second division of the syllabus does not appear to have been heretofore dealt with' either by the Supreme Court of this State or by this court, but the rule adopted appears to be supported by the great weight of general authority. The rule is stated in 32 Cye. 55, as follows: “Forbearance by the creditor or obligee is sufficient consideration for the contract of a surety, although a definite time is not agreed upon; and if, in reliance upon the agreement of the surety, the creditor forbears to bring suit against the principal, or grants him an extension…