Difference between Indemnity and Guarantee
Indemnity and Guarantee Indemnity and Guarantee are a type of contingent contracts, which are governed by Indian Contract Act, 1872. Indemnity is a contract in which one party promises the…
Rights and Duties of Indemnifier and Discharge
Rights and Duties of Indemnifier and Discharge: - The rights of the indemnity-holder are the duties of indemnifier, and duties of the indemnity-holder are the rights of the indemnifier. Discharge…