- A, B and C, as sureties for D, enter into three several bonds each in a different penalties namely, A in the penalty of Rs.10,000, B in that of Rs.20,000, C in that of Rs.40,000 conditioned for D’s duly accounting to E. D makes default to the extent of Rs.30,000
Sec 147
As between the co-sureties: A, B and C are each liable to pay Rs.10,000
- A, B and C, as sureties for D, enter into three several bonds each in a different penalties namely, A in the penalty of Rs.10,000, B in that of Rs.20,000, C in that of Rs.40,000 conditioned for D’s duly accounting to E. D makes default to the extent of Rs.40,000
Sec 147
As between the co-sureties: A is liable to pay Rs.10,000 and B & C Rs.15,000 each
Can you explain me the difference between both of them ??
CAclubindia
