Multiple choice

There are ______ parties in a contract of indemnity.

  1. 2

  2. 3

  3. 4

  4. 5

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Indemnity contract includes two parties namely, indemnifier and indemnity holder. The person who is promising to pay compensation is called indemnifier and the person whose loss is compensated is called indemnity holder.