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      Question

      What is the liability of co-surities bound in different

      sum as per the Contract Act?
      A Liable to pay equally Correct Answer Incorrect Answer
      B Liability to pay their respective sums Correct Answer Incorrect Answer
      C Liable to pay equally as per the terms parties mutually agree to Correct Answer Incorrect Answer
      D Liable to pay equally as far as the limits of their respective obligations permit Correct Answer Incorrect Answer
      E Liability to pay the sum which the creditor may decide Correct Answer Incorrect Answer

      Solution

      Liable to pay equally as far as the limits of their respective obligations permit, Explanation: Section 147. 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.

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