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