Bare ActsThe Indian Contract Act, 1872

Section 45

Devolution of joint rights.

Amendment status not verified — confirm the current text below against the official source.

When a person has made a promise to two or more persons jointly, then, unless a contrary intention appears from the contract, the right to claim performance rests, as between him and them, with them during their joint lives, and, after the death of any of them, with the representative of such deceased person jointly with the survivor or survivors, and, after the death of the last survivor, with the representatives of all jointly. 1 Illustration A, in consideration of 5,000 rupees, lent to him by B and C, promises B and C jointly to repay them that sum with interest on a day specified. B dies. The right to claim performance rests with B's representative jointly with C during C's life, and after the death of C with the representatives of B and C jointly.

Amended up to 2018-12-17View on India Code →
Section 45 – The Indian Contract Act, 1872 | DailyLaw.ai