Interested to Buy Any Domain ? << Click Here >> for more details...
Distinguish between Contract of Indemnity and Contract of
guarantee.
- 8 Answers
- 41429 Views
- I also Faced
- E-Mail Answers
Answer Posted / sumit saurav
Indemnity means a promise to save a person harmless from the consequences of an act or to compensate. According Section 124 of the Indian Contract Act, 1872 contract of Indemnity state that the contract by which one party agree to save the other from the loss caused by him by the conduct of promissor himself. It is a bilateral contract whereas
Guarantee section 126 of the Indian Contract Act, 1872 state the contract of guarantee mean a contract to perform the promise or discharge.these are concurrence of three contracts.
| Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
hOW pf and esic is calculated?
I WANT TO KNOW THAT WHAT WE WILL BE PAY FOR PURCHASE COMPUTER WINDOWS FROM JAIPUR TO SEZ AREA
How would you decide on your objectives?
US officer refused my visa due to 214( b)becouse i submitted for him my son american passport, did you advise me if i have to click yes on DS 156, question no. 37 that my son citizenshipr or no?
can we keep basic salary of an employee below 6500
where can i find indian patnership act on the net?
If we lived in a world of angels would there be any need to have the law?
IF COMPANY DENY GIVEN GRATUITY TO EMPOLYEE THAN EMPLOYEE THAN EMPLOYEE ANY WAY TO COLLECT GRATUITY ?
"Every contract involves an agreement but every agreement does not necessarily result in a contract" Explain.
when was started salt stahagragam
best and fastest way to go to the european courts of human rights for liability of sections 1, 5, 6, 7,8,9,10,14
Are you willing to go through the accreditation process for police station advisors?
is the carbon dust collected from the stask of diesel set is hazardous waste ?
Courier l;st the cform and not delived to party.party asks another cform what is the procedure for issuing another cform in lieu of lost one
If my friend locks me in a room, and says I am free to come out whenever I like as long as I pay £5, is this a deprivation of liberty?
