Multiple Choice Questions on n relation to devolution of joint liabilities as a general rule the Indian Contract Act incorporates........... for Judicial Services Exam (JS) Preparation

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Indian Contract Act (ICA)1872

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    n relation to devolution of joint liabilities, as a general rule the Indian Contract Act incorporates the principle of;

    Survivorship 

    Incorrect Answer

    Succession 

    Incorrect Answer

    Both a&b

    Correct Answer

    None of the above

    Incorrect Answer
    Explanation:

    When two Or more persons have made a joint promise, then unless a contrary intention appears by the contract, all such persons, during their joint lives and, after the death of any,of them, his representative jointly with the survivors and after death of last survivor, the representative of all jointly must fulfill the promise. For example A, B, C jointly promises to pay Rs. 30001- to D. A dies, but B & C along with the legal representative are jointly,and severally liable to pay the amount to D. However, if a contrary intention appears from the contracts then the rule given above shall not apply. (Section 42 Indian Contract Act) 


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