Section 42 of ICA : Section 42: Devolution Of Joint Liabilities

Explanation using Example

Imagine three friends, Aman, Ravi, and Priya, decide to start a business together and take a joint loan from a bank, promising to repay it together. This is a joint promise under Section 42 of The Indian Contract Act, 1872. If Aman passes away, his estate must work with Ravi and Priya to repay the loan. If later, Ravi also dies, then Priya and the representatives of Aman and Ravi's estates must jointly continue to repay the loan. If Priya were to pass away too, the representatives of Aman, Ravi, and Priya's estates must work together to settle the debt with the bank.