Contract Act Pdf 204073

94x Filetype PDF File size 0.12 MB Source: gacbe.ac.in

File: Contract Act Pdf 204073 | 18bco35s U5

CONTRACT OF INDEMNITY AND GUARANTEE INTRODUCTION The term indemnity means to make good the loss to compensate the party who has suffered some loss. DEFINITION Sec.124 of the Indian ...

Filetype PDF | Posted on 10 Feb 2023 | 2 years ago

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...Contract of indemnity and guarantee introduction the term means to make good loss compensate party who has suffered some definition sec indian act defines a thus by which one promises save other from caused him conduct promisor himself or any person is called indemnifier whose be made holder essentials valid must contain all it between two parties he may suffer express implied rights l damages compelled pay in suit respect matter promise indemnify applies costs bringing defending such if did not contravene orders acted as would have been prudent for absence authorized bring defend sums paid under terms compromise was contrary promisee makes no mention held however that his surety are virtually same those time commencement liability silent on basis judicial pronouncement courts can said an commences soon becomes absolute certain according perform discharge third case default either oral written creditor whom given gives principal debtor there three separate agreements second following e...

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Posted on: 10 Feb 2023 | 2 years ago
Tag: download pdf, 18bco35s,
Filetype: PDF
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