TypeBare Act JurisdictionCentral Government Enacted1872

Contract Act, 1872 Section 146

CO-SURETIES LIABLE TO CONTRIBUTE EQUALLY Where two or more persons are co-sureties for the same debt or duty, either

Section Text

SECTION 146: CO-SURETIES LIABLE TO CONTRIBUTE EQUALLY Where two or more persons are co-sureties for the same debt or duty, either jointly or severally, and whether under the same or different contracts, and whether with or without the knowledge of each other, the co- sureties, in the absence of any contract to the contrary, are liable, as between themselves, to pay each an equal share of the whole debt or of that part of it which remains unpaid by the principal debtor.