The situation under which a surety is discharged from his liability is listed as follows:
Discharge by revocation
- Revocation of guarantee by giving notice
- Revocation by death
Discharge by the conduct of the parties
- Variance in terms of the contract
- Release or discharge of the principal debtor
- Compounding by Creditor with the principal debtor
- Creditors act/omission impairing surety’s eventual remedy
- Loss of security.
Discharge by the invalidation of the contract
- Guarantee obtained by misrepresentation;
- Guarantee obtained by concealment
- Failure of a co-surety to join a surety