conduct of the promisor himself or by the performance of which is guaranteed by the surety. Indian law doesn’t cover the losses occurred by fire or sea peril. © 2012-2020 by GeekMCQ™ Technologies. 124- A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a “Contract of Indemnity”. INDEMNITY Definition: SEC. Get the best essay, research papers or dissertations. contract of indemnity. ... Contract of Guarantee Contract of Indemnity Wagering agreement Quasi-contract.
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Objective Questions with Answers on Law Of Contract - 62 .
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