Interested to Buy Any Domain ? << Click Here >> for more details...
Distinguish between Contract of Indemnity and Contract of
guarantee.
- 8 Answers
- 41104 Views
- I also Faced
- E-Mail Answers
Answer Posted / ammar ul hassan
Contract of indemnity
1) there are 2 parties indemnifier and indemnity holder..
2)there is 1 contract b\w indemnifier and indemnified..
3)The nature of liability of indemnifier is primary and
independant...
4)in a contract of indemnity, the indemnifier promises
without the request of debtor..
5)A contract of indemnify is for reimbursement..
Contract of Guarantee.........
1)there are 3 parties Creditor, Principal Debtor And Surety..
2)there are 3 contracts B\W creditor and principal,
principal and surety, surety and creditor.
3)Liability of surety is Secondary....
4)contract of Guarantee is for security of a debt or
performance of promise...
| Is This Answer Correct ? | 52 Yes | 9 No |
Post New Answer View All Answers
what is the lat date of tds deposit for march 2010 ASSESSMENT YEAR 2010-2011
Would you trade your scarf for my bike, even if you have no idea what state it's in or if I even have one?
what is the difference between challan and gate pass
Is it fair to impose a height restriction on those wanting to become fire fighters?
Is sales Tax Applicable in companies under SEZ organisation (Special Economic Zone)What is it Rate. What is Form -I For SEZ Companies
bank does not give loan unless they ascetain full repayment of their loan,then why need of collateral securities
What do you understand by the rule of law?
Rules of civil law are different than that of criminal law. Are you prepared to enter this knowing that there is little guidance from within our office?
My father is a retired personfrom doordarshan kendrand lko. now working in contract with the samein average he is paid lee than 110,000 annualy but 10% tds isapplied on his total income Ican not understad it as he is senior citizen and apentioner also so it must not be done. then my question is how I am able to get back that deductions when retun the income tax file. thank you for advising me in this regard.
If we lived in a world of angels would there be any need to have the law?
who has to get license under central excise for Excise Duty on Branded Articles of jewellary,chapter sub heading 7113, classifiable in union budget 2011-12.
I have appeared for llb 1st year in the year 1994. I got 45 marks in 4 subjects but that time passing marks was 50 so can i get exemption of those subject in current year
Where & How Can we get Rebate of Entry Tax
what is the full meaning & use of assessment?
What is the system to registered online for advertisment of law firm & what is the cost of advertisment?
