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picture1_Contract Of Bailment Pdf 206111 | Special Contracts


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File: Contract Of Bailment Pdf 206111 | Special Contracts
Special Contracts: Indemnity, Guarantee, Bailment and Pledge The term Indemnity literally means “Security against loss". In a contract of indemnity one party – i.e. the indemnifier promise ...

icon picture PDF Filetype PDF | Posted on 13 Feb 2023 | 2 years ago
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...Special contracts indemnity guarantee bailment and pledge the term literally means security against loss in a contract of one party i e indemnifier promise to compensate other indemnified suffered by thedefinition as laid down section which promises save from caused him conduct promisor himself or any person is called illustration acontracts indemnify b consequences proceedings c may take respect certain sum rupees this validityofindemnityagreement acontractofindemnityisoneofthespeciesofcontracts theprinciplesapplicabletocontractsingeneralare also applicableto such contractsso muchso that rules free consent legalityof object etc are equally applicable where an agreement coercion fraud misrepresentation voidable at option whose was so per requirement act must be lawful opposed law public policy either unlawful void depending upon provision it subject rightoftheindemnityholder holder acting within scope his authority entitled following rights right recover damages he all might have been ...
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