DEED OF INDEMNITY -Security against loss or damages

India

Updated: May 03, 2021


Ajay N S

Ajay N S

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Key description

  • Section 124 of the Indian Contract Act'1872 defines Contract of Indemnity as a contract by which one party guarantees to save the other person from loss caused to him by the action of the guarantor himself, or by the action of any other person.

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