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Showing posts with the label # contract act questions paper from section 130 to 146

RJS EVENING BATCH

  RJS EVENING BATCH  1.A,B and C are sureties to D for sum of 1000 rupees lent to E and there is a contract  between A,B and C that A is responsible to the extent one quarter,B is responsible for one quarter and C is responsible for one and half .if E makes in default . explain liability of A ,B and C with appropriate sections. This problem is related with section 146 of Indian Contract act.according this section the co surety are liable to contribute equally .if there is no contrary contract is made .here any contrary contract is exist  Then A will pay 250 rs ,B will pay 250 and C will pay 500 rs according the section 146 of Indian Contract Act. 2.C advances to B his tenant 2000/ rupees and n the guarantee of  A .C has further security for 2000/ by a mortgage of B's furniture.C cancel the mortgage .B becomes insolvent .C sues on A for money . explain liability of A under appropriate section. This situation  is related with  section 141 of Indian Contr...