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In which section of the Indian Contract Act is a contract of indemnity defined?

Section 124 defines a contract of indemnity as a promise to save another from loss caused by the promisor’s conduct or that of another person. Section 125 concerns the…

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In which section of the Indian Contract Act is a contract of indemnity defined?

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Section 124 defines a contract of indemnity as a promise to save another from loss caused by the promisor’s conduct or that of another person. Section 125 concerns the indemnity-holder’s rights; sections 126 and 127 concern guarantee and its consideration.

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