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S1, S2 and S3 are sureties to C for the sum of Rs. 12000/- lent to P and there is a contract between…

Section 147 of the Indian Contract Act, 1872 allows co-sureties to fix by contract different proportions of liability rather than sharing equally under section 146, so S1,…

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S1, S2 and S3 are sureties to C for the sum of Rs. 12000/- lent to P and there is a contract between S1, S2 and S3 that the first surety is to be responsible to the extent of one fourth, the second surety to the extent of one fourth and the third surety to the extent of one half. P makes default in the payment. As between the co-sureties S1 : S2 : S3, the amount payable as per Indian Contract Act, 1872, is

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Correct answer C

Section 147 of the Indian Contract Act, 1872 allows co-sureties to fix by contract different proportions of liability rather than sharing equally under section 146, so S1, S2 and S3, having agreed to bear one-fourth, one-fourth and one-half respectively of the twelve-thousand-rupee debt, must contribute three thousand, three thousand and six thousand rupees.

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