If any one of Joint Promisors makes default in such contribution remaining Joint Promisors must shar...........

Indian Contract Act (ICA)1872 Promissory Estoppel

If any one of Joint Promisors makes default in such contribution, remaining Joint Promisors must share the loss arising from such default

Equally

Not equally

In the ratio of their properties

Either (a) or (b)

- When joint promisors are liable to pay a sum and one of them defaults, the others must share the loss.

- The defaulted amount must be shared among the remaining joint promisors.

- Option 1: Equally ??

- This means the loss is split evenly among those who have not defaulted.

- Option 2: Not equally

- This option is incorrect; loss is not shared unequally unless otherwise agreed.

- Option 3: In the ratio of their properties

- Incorrect; the law does not consider property ratio for sharing the loss.

- Option 4: Either (a) or (b)

- Incorrect unless the contract specifically states otherwise, the default rule is equal sharing.

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