CA CPT June 2015 Question Paper Mercantile Laws for online practice

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Question : 16 of 40

Marks: +1, -0

If any one of the joint promisors makes a default in making contribution. How will it be settle down byother promisors?

Representative of promisor will be liable to contribution
Contribution will be dismissed automatically
Representative of a promisor will be liable along with other joint promisors
The remaining joint promisors will be liable to contribute

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