Contribution

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The right of a co-surety who has paid more than their proportionate share of a guaranteed debt to recover the excess from the other co-sureties — ensuring the burden of the guarantee is borne equally among all co-sureties.

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Definition

Right of Contribution Co-Surety Contribution Section 146 Right

The right of a co-surety who has paid more than their proportionate share of a guaranteed debt to recover the excess from the other co-sureties — ensuring the burden of the guarantee is borne equally among all co-sureties.

Contribution is a remedy between co-sureties — not between the surety and the principal debtor (which is indemnification) or between the surety and the creditor (which is subrogation). When multiple sureties guarantee the same debt, each bears a proportionate share. If one pays more than their share (because the creditor chooses to proceed against only one), that co-surety has a right to recover the excess from the others under Sections 146-147 ICA. Contribution is an equitable principle that prevents one co-surety from being unjustly enriched (by not having to pay) at the expense of another (who paid too much).

Statutory Definition

Section 146, Indian Contract Act, 1872: 'Co-sureties who are bound in different sums are liable to pay equally as far as the limits of their respective obligations allow.' Section 147: 'Co-sureties who have given their consent to a contract of guarantee and are sued are liable to contribute equally, but a co-surety is not liable to contribute beyond the maximum of his obligation.'

Etymology & Origin

From Latin 'contributio' (a bringing together, a joint contribution) from 'contribuere' (to bring together, to contribute). Contribution in the legal sense means the sharing of a common burden — each co-obligor (co-surety) 'contributes' their share to the total.

Full Legal Analysis

This Term in Indian Statutes

ICA 146
neutral

Indian Contract Act, 1872, 1872

"Co-sureties who are bound in different sums are liable to pay equally as far as the limits of their respective obligations allow."

Right of contribution — co-sureties share the burden of guarantee proportionately

Other Legislation

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