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A gives a recognizance binding him in a penalty of Rs. 500 to appear in Court on a certain day. He…

Section 74’s exception makes breach of a qualifying bail bond/recognizance or public-duty bond liable for the whole stipulated sum. The recognizance illustration therefore…

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A gives a recognizance binding him in a penalty of Rs. 500 to appear in Court on a certain day. He forfeits his recognizance. He is liable:

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Correct answer A

Section 74’s exception makes breach of a qualifying bail bond/recognizance or public-duty bond liable for the whole stipulated sum. The recognizance illustration therefore gives Rs 500. This is distinct from an ordinary commercial penalty clause and from procedural powers to remit forfeiture penalties.

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