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Section 147 - Liability of co-sureties bound in different sums : Indian Contract Act 1872

 

Is Liability of co-sureties bound in different sums? Section 147 of Indian Contract Act 1872

Section 147 of Indian Contract Act 1872 : "Liability of co-sureties bound in different sums"

147 . 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 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. A, B and C have to pay each the full penalty of his bond.

 

INDIAN CONTRACT ACT 1872

Section 146 - Co-sureties liable to contribute equally

Section 147 - Liability of co-sureties bound in different sums

CHAPTER IX BAILMENT

Section 148 - Bailment bailor and bailee defined

Section 150 - Bailors duty to disclose faults in goods bailed

 

 

Section 151 - Care to be taken by bailee

Section 152 - Bailee when not liable for loss, etc., of thing bailed

Section 153 - Termination of bailment by bailees act inconsistent with conditions

Section 154 - Liability of bailee making unauthorised use of goods bailed

Section 155 - Effect of mixture with bailors consent of his goods with bailees

 

 

Section 156 - Effect of mixture without bailor's consent, when the goods can be separated

Section 157 - Effect of mixture, without bailor's consent, when the goods cannot be separated

Section 158 - Repayment by bailor, of necessary expenses

Section 159 - Restoration of goods lent gratuitously

Section 160 - Return of goods bailed on expiration of time or accomplishment of purpose

 

 

Section 161 - Bailees responsibility when goods are not duly returned

Section 162 - Termination of gratuitous bailment by death

Section 163 - Bailor entitled to increase or profit from goods bailed

Section 164 - Bailor's responsibility to bailee

Section 165 - Bailment by several joint owners

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