section 147
As between the sureties, A is liable to pay 250 rupees, B 250 rupees and C 500 rupees.
The Contract Act, 1977Civil1977192 sections
Statutory text
Liability of co-sureties bound in different sums Liability of co-sureties bound in different sums.—Co-sureties who are bound in different sums are liable to pay equally as far as the limits of their respective obligations permit.
Illustrations.
- (a) A, B and C as sureties for D, enter into three several bonds each in a different penalty, namely, A in the penalty of 10,000 rupees, B in that of 20,000 rupees, C in that of 40,000 rupees, conditioned for D's duly accounting to E.D makes default to the extent of 30,000 rupees A, B and C are each liable to pay 10,000 rupees.
- (b) A,B and C as sureties for D, enter into three several bonds, each in a different penalty, namely, A in the penalty of 10,000 rupees, B in that of 20,000 rupees, C in that of 40,000 rupees, conditioned for D's duly accounting to E.D makes default to the extent of 40,000 rupees. A is liable to pay 10,000 rupees, and B and C 15,000 rupees each.
- (c) A, B and C as sureties for D, enter into three several bonds, each in a different penalty, namely, A in the penalty of 10,000 rupees, B in that of 20,000 rupees, C in that of 40,000 rupees, conditioned for D's duly accounting to E.D makes default to the extent of 70,000 rupees.
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