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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Co-sureties Must Equally Contribute to Debt Payment Under Section 146 of the Indian Contract Act, 1872</h1> Section 146 of the Indian Contract Act, 1872, stipulates that co-sureties are equally liable to contribute to the payment of a debt or duty if the principal debtor defaults, unless a contract specifies otherwise. This applies whether the co-sureties are aware of each other or not, and regardless of whether they are bound by the same or different contracts. For example, if three co-sureties are liable for a debt, they must each pay an equal share unless an agreement dictates different proportions of responsibility.
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