Meaning and Legal Basis Privileged communications refer to specific types of statements or information that cannot be compelled to be disclosed in a court of […]
Tag: Section 124
33. ‘A’ undertakes to save ‘B’ free from liability arising out of any proceedings which ‘C’ may take against ‘B’ in respect of a certain sum of Rs. 2000. What is the nature of this contract.
1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered a) Section 124, Indian Contract Act, 1872 – Contract of Indemnity […]
14. Define “Contract of Indemnity”. In what aspects Indian Law differs from English Law on Contract of Indemnity? Explain.
Understanding the Concept of Indemnity In every business or legal relationship, risks and losses are unavoidable. To protect one party from such losses, the law […]
1. Rights of Indemnity Holder.
Rights of Indemnity Holder The concept of indemnity is covered under Sections 124 and 125 of the Indian Contract Act, 1872. Section 124 defines a […]