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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

      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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