(1) A covenant, and a
contract under seal, and a bond or obligation under seal, made with 2 or more
jointly, to pay money or to make a conveyance, or to do any other act, to them
or for their benefit, shall be deemed to include, and shall, by virtue of this
Part, imply, an obligation to do the act to, or for the benefit of, the
survivor or survivors of them, and to, or for the benefit of, any other person
to whom the right to sue on the covenant, contract, bond or obligation
devolves, and if the covenant, contract, bond or obligation is made after the
coming into operation of this Act it shall be construed as being made with
each of them.
(2) This section
extends to a covenant implied by virtue of this Part.
(3) This section
applies only if and as far as a contrary intention is not expressed in the
covenant, contract, bond or obligation, and has effect subject to the
covenant, contract, bond or obligation, and to the provisions thereof.
(4) Except as
otherwise expressly provided, this section applies to a covenant, contract,
bond or obligation made or implied after the coming into operation of this
Act.