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picture1_Contracts Pdf 204105 | 100000695


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File: Contracts Pdf 204105 | 100000695
PROF.JAVAID TALIB DEPT.OF LAW,AMU STUDY MATERIAL LLM . IV SEMESTER LAW OF CONTRACT –II UNIT – I 1.CONTRACT OF INDEMNITY Introduction Contract of indemnity defined. -A ...

icon picture PDF Filetype PDF | Posted on 11 Feb 2023 | 2 years ago
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...Prof javaid talib dept of law amu study material llm iv semester contract ii unit i indemnity introduction defined a by which one party promises to save the other from loss caused him conduct promisor himself or any person is called meaning under indian act according section means this provision incorporates where may be either illustration contracts indemnify b against consequences proceedings c take in respect certain sum rupees indemnier and indemnied who known as indemnifier whose favour such promise made indemnified holder insurance it includes whether human agency event like an accident fire english than life compensates beneficiaries policies for their actual economic losses up limiting amount policy generally requires insured prove its before can recover recovery limited provable even if face higher contrast example beneficiary s irrelevant death reasons not excluded obligate insurer pay entire most business interruption contain extended period endorsement extends coverage beyo...
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