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A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?
- a)Yes, C can recover Rs. 60,000 from A
- b)Yes, C can recover Rs. 90,000 from A
- c)Yes, C can recover Rs. 30,000 each from A and B
- d)No, C cant recover anything from A and B
Correct answer is option 'C'. Can you explain this answer?
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A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled...
Joint Promise and Liability
When two or more persons make a promise jointly, the liability is also joint. This means that all the persons who made the promise are equally liable for its performance. In case one person is compelled to pay the whole amount, he can recover a portion of it from the other persons who were also liable for the promise.
Application to the given situation
In the given situation, A, B, and C jointly promised to pay D a sum of Rs 90,000. This means that all three persons were equally liable for the promise. However, C was compelled to pay the whole amount to D. In such a situation, C can recover a portion of the amount from A and B.
Calculation of Recovery Amount
Since all three persons were equally liable for the promise, the amount payable by each person would be Rs 30,000 (i.e., Rs 90,000/3). As C has already paid the entire amount, he can recover Rs 30,000 each from A and B.
Conclusion
Hence, the correct option is (c) Yes, C can recover Rs. 30,000 each from A and B.
When two or more persons make a promise jointly, the liability is also joint. This means that all the persons who made the promise are equally liable for its performance. In case one person is compelled to pay the whole amount, he can recover a portion of it from the other persons who were also liable for the promise.
Application to the given situation
In the given situation, A, B, and C jointly promised to pay D a sum of Rs 90,000. This means that all three persons were equally liable for the promise. However, C was compelled to pay the whole amount to D. In such a situation, C can recover a portion of the amount from A and B.
Calculation of Recovery Amount
Since all three persons were equally liable for the promise, the amount payable by each person would be Rs 30,000 (i.e., Rs 90,000/3). As C has already paid the entire amount, he can recover Rs 30,000 each from A and B.
Conclusion
Hence, the correct option is (c) Yes, C can recover Rs. 30,000 each from A and B.
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A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled...
As per Indian Contract Act, 1872, when two or more persons has made a joint promise to a promisee , the promisee , in contrary to the contract, can compel any one of the joint promisor for whole performance. In such circumstances, the promisor who is compelled to perform the entire contract can claim for contribution from other joint promisors
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A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer?
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A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer?.
A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer?.
Solutions for A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A, B and C jointly promise to pay D a sum of Rs 90,000. C is compelled to pay the whole of the amount to D. Can he recover any thing form A and B when both A and B were solvent?a)Yes, C can recover Rs. 60,000 from Ab)Yes, C can recover Rs. 90,000 from Ac)Yes, C can recover Rs. 30,000 each from A and Bd)No, C cant recover anything from A and BCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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