Contract of Indemnity and Guarantee | Contract of Indemnity | Contract of Guarantee | Contract Act
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Contract of Indemnity and Guarantee | Contract of Indemnity | Contract of Guarantee | Contract Act
🔴 What is Indemnity? (Indian Contract Act 1872) 🗣️ Indemnity is a contractual obligation where one party (the indemnifier) promises to secure against potential loss or damage incurred by another party (the indemnified party). This essentially means that the indemnifier is promising to compensate the indemnified party for any loss or ...
55.2K viewsSep 9, 2024
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