Q: A,B and C have agreed to become liable for Rs. 10,000/-. Rs. 20,000 and Rs. 40,000/- respec- tively as sureties for D. D's indebtedness was Rs. 40,000/-. What is the sum for which each of the three sureties are liable to pay ?

Ans: A,B and C have agreed to become liable for Rs. 10,000/-. Rs. 20,000 and Rs. 40,000/- respectively as sureties for D. D's indebtedness was Rs. 40,000/ -. What is the sum for which each of the three sureties The f are liable to pay.

Sec. 147 of the Indian Contract Act, 1872 deals with the Liability of co-sureties who are bound in different sums.

Sec. 147 reads co-sureties who are bound in different sums are liable to pay equally as far as the limits of their respective obligations permit.