Multiple choice

Under the Indian Contract Act, 1872, a contract of ‘Indemnity’ is defined in Section

  1. 126

  2. 127

  3. 128

  4. 124

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

A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a “contract of indemnity.” defined under section 124 of the Indian Contract Act.