Giving Time
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
contracts. Any agreement by which a creditor gives his debtor a delay or time in paying his debt, beyond that contained in the original agreement; when other persons are responsible to him a as drawer, endorser or surety, if such time be given without the consent of the latter, it discharges them from responsibility to him.
1 Gall. R. 32; 7 John. R. 332; 10 John. R. 180; "b. 587; Kirby, R. 397; 3 Binn. R. 623; 2 John. Ch. R. 554; 3 Desaus. Ch. R. 604; 2 Desaus. Ch. R. 230, 389; 2 Ves. Jr. 504; 6 Ves. Jr. 805; 3 Atk. 91; 2 Bos. & Pull. 62; 4M. & S. 232. Vide 1 Leigh’s N. 'P. 81.