Contract from section 147 to 151
Contract act Section 147 Liability of co sureties bound in different sums Co Sureties who are bound in different sums liable to pay equally as far as the limits of their respective obligation permit . Illustrations A.A ,B and C as sureties for D enter into three several bond each in 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 30000/ .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 different penalty namely .A in the payment of 10,000 rupees ,B in that of 20,000/ C in that of 40,000/ rupees .conditioned for D ' s duly accounting to E .D makes default to extent of 40,000/ rupees .A is liable to pay 10,000/rupees and B and C 15,000 each . c.A ,B and C as sureties for D enter into three several bonds each in a d...