Interested to Buy Any Domain ? << Click Here >> for more details...
Distinguish between Contract of Indemnity and Contract of
guarantee.
- 8 Answers
- 41439 Views
- I also Faced
- E-Mail Answers
Answer Posted / sudhi chauhan
1.In casevof a contract of gaurantee there are three parties,but in contract of indemnity there are two parties,one who is indemnified other the indemnifior
2.A contract of gaurantee presupposes the principal debtor,a contract of indemnity is an original and direct engagement and may be made independently without the existence of a third party
3.a contract of gaurantee exists for security of the creditor whereas contract of indemnity is brought about for the reimbursement of loss
4.a gaurantor's liability is secondary so if principal debtor is not liable , the surety will also be not liable.a contract of indemnity creates the primary liability for indemnifier.
5.request by third party is essential in contract of gaurantee ,but in case of a contract of indemnity request or knowledge is not necessary.
6.contract of gaurantee must be in writing but contract of indemnity may be in writing or oral.
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
I WANT TO KNOW THAT WHAT WE WILL BE PAY FOR PURCHASE COMPUTER WINDOWS FROM JAIPUR TO SEZ AREA
what is a/c no. 1,2 21 and other in esic calcultion?
Which decisions do you find difficult to make?
Whether forfeiture of shares is a part of capital or its a part of revenue?
What have you read in the papers recently that relates to international law?
IF WE PURCHASE FLEX AND SUPPLIERS PRODUCE BILL & CHARGED 4% VAT THEN WHAT WILL BE TDS STATUS.
WHAT ARE THE DOCUMENTS OR ANNEXURES TO BE ATTACHED WITH THE ANNUAL RETURN OF VAT UNDER HARYANA VAT RULES? LIKE BALANCE SHEET ETC..PLS TELL ME THW WHOLE DOCUMENTS
why cant the copyright infringement for literary work exist in warranty card?
Can private limited comapny be the Holding Comapny of other Private lImited Compnay?
I have completed 4 years of service in railway now onwards i am pursuing LLB so i complete my LLB in next 3 years then my service duration will be 7 years , am i eligible for applying LAW ASSISTANT IN RAILWAY.
Is it possible to take VAT credit on expenses made by manufacturing units?
If a wife had expressed distaste for it previously, would her husband's habit of putting marmalade in his egg at breakfast be grounds for divorce?
Does Base amount for TDS calculation includes the Discount given ? Means if I have a payment of Rs.1000 and i gave discount of 1% (Rs. 10) , Do i need to calculate TDS on Rs. 990 or Rs. 1000 ?
Why direct tax as a field?
Hi to all, i worked in TCS ( Bpo ) for 6 months & i left TCS because of my health issues and one main reason was my senior was not good, i always found myself tortured, no doubt that envoirnment of TCS is really very good, and obviously there are lots of benefits for their employees, even i spoke to my process head, my process manager, even with the process HR , i discussed on the problem i am facing and requested them to move me into other process but there is one policy is till the time i will not complete 18 months in the same process they are unable to move me into other process, and i left TCS within 6 months , i informed my seniors , HR that i am not well wont be able to continue and i need some rest, and it was BPO , i was really very disturbed putting headphones whole day , it was quite frustrating , after 1 month i had started receiving letters from tcs that i am absent from my duties and i haven't informed anyone, then i again spoke to my HR and my senior that i am no well and also shared medical certificate , but that time my HR was on 15-20 days leave, and he couldn't check my mail. after some time i have started receiving reminders that i have to report within 24 hours else they will take strict action against me, i was really very depressed because one side i was not able to continue in same process and i was getting mails on mails that i have to report and i need to continue, i was not willing to TCS, my HR was on leave, i was not aware whether he is in office or not, when i received final letter then the very same day i contacted my collegue and he told me that HR is on leave, then i forwarded the same mail with my medical to Head office ( Mumbai ), where from i was getting mails, and i got contact no of 1 HR then she said today you are responding because today u got final letter , and before that there was no information about you. then i got absconded, & i received too much letters that i am absconded and i have to pay 20k, now i am willing to join TCS , not in same process , and i am also working as a HR ,in a small firm, now pls help me and suggest me that can i join TCS again if i will clear that outstanding or is there any chance to join tcs,
