Daily Email Newsletters (Latest Updates/Articles) — Sign up for Free

Section 42, Contract Act 1872: Devolution Of Joint Liabilities

Section 42 under the Chapter IV (Of the performance of contracts, Contracts which must be performed) of the Contract Act, 1872 of India - 'Devolution of joint liabilities', is reproduced hereunder:—

“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 survivor or survivors, and after the death of the last survivor, the representatives of all jointly, must fulfil the promise.”

No comments:

Post a Comment