Question

According to the Indian Contract Act, when co-sureties

Q: Answer-According to the Indian Contract Act, when co-sureties are bound in different sums, how is their lia...

Section 147.Liability of co-sureties bound in different sumsCo-sureties who are bound in different sums are liable to pay equally as far as the limits of their respective obligations permit.

are bound in different sums, how is their liability to pay determined?

A They are all equally liable regardless of the sums they are bound for

B Each co-surety is liable to pay the entire amount

C Liability is determined based on the time of signing the contract

D Liability is determined based on the individual financial status of each co-surety.

E They are liable to pay equally as far as the limits of their respective obligations permit

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According to the Indian Contract Act, when co-sureties

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