Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
contract of indemnity
#1
a contract of indemity is a contract by which one party promises to save the other from loss likely to be caused to him.
the loss can be either by the conduct of the promisor himself or by the conduct of any other person

all insurance contracts (policy) are example of contracts

if andy dd or fd loss by the customer than indemnity bond should be given by the customer.

A person who is indemified can recover damages as well as costs for claiming the damages.
Reply
#2
yes for loss of dd and fd indemnity bond should be given.
Reply




Users browsing this thread: 1 Guest(s)