Multiple choice

Which of the following statements is incorrect?

  1. There are two parties in the contract of indemnity.

  2. Object of contract of guarantee is the security of creditor.

  3. Contract of guarantee consists of three contracts.

  4. Indemnity contract consists of two contracts.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Right- Because indemnity contract always consists one contract only that is indemnifier with indemnity holder. So it is incorrect statement.

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