Contracts Act 1950 · Updated to 1 Jan 2006 · Part VIII · Of Indemnity and Guarantee
100. Liability of co-sureties bound in different sums
Feedback & supportCo-sureties who are bound in different sums are liable to pay equally as far as the limits of their respective obligations permit.
A, B and C, as sureties for D, enter into three several bonds, each in a different penalty—namely, A in the penalty of RM10,000, B in that of
RM20,000, C in that of RM40,000, conditioned for D’s duly accounting to E.
D makes default to the extent of RM30,000. A, B and C are each liable to pay
RM10,000.
Contracts 61
A, B and C, as sureties for D enter into three several bonds, each in a different penalty—namely, A in the penalty of RM10,000, B in that of
RM20,000, C in that of RM40,000, conditioned for D’s duly accounting to E.
D makes default to the extent of RM40,000. A is liable to pay RM10,000, and
B and C RM15,000.
A, B and C, as sureties for D, enter into three several bonds, each in a different penalty—namely, A in the penalty of RM10,000, B in that of
RM20,000, C in that of RM40,000, conditioned for D’s duly accounting to E.
D makes default to the extent of RM70,000. A, B and C have to pay each the full penalty of his bond.