Section 146 of ICA : Section 146: Co-Sureties Liable To Contribute Equally
ICA
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Explanation using Example
Imagine that three friends, Rahul, Priya, and Nikhil, decide to act as joint sureties for a loan of ₹90,000 that their mutual friend, Arjun, has taken from a bank. They do not make any special agreement among themselves about the distribution of liability.
A...
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