A gives a recognizance binding him in a penalty of Rs 500 to appear in the court on a certain day He...........

Indian Contract Act (ICA)1872 Consideration of Contract

A gives a recognizance binding him in a penalty of Rs. 500/- to appear in the court on a certain day. He forfeits his recognizance.

He is liable to pay the whole penalty.

He is liable to pay such compensation not exceeding Rs. 500 as the court considers reasonable.

He is liable to pay such compensation as the court considers reasonable.

None of these.

He is liable to pay such compensation not exceeding Rs. 500 as the court considers reasonable.

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