Question

What is the liability of co-surities bound in different

Q: Answer-What is the liability of co-surities bound in different sum as per the Contract Act?

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.

sum as per the Contract Act?

A Liable to pay equally

B Liability to pay their respective sums

C Liable to pay equally as per the terms parties mutually agree to

D Liable to pay equally as far as the limits of their respective obligations permit

E Liability to pay the sum which the creditor may decide

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SEBI Grade A Legal

What is the liability of co-surities bound in different

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