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Under the Indian Contract Act, 1872, a contract of indemnity means a contract by which one party…

Section 124 of the Contract Act defines a contract of indemnity as one by which one party promises to save the other from loss caused to him by the conduct of the promisor…

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Under the Indian Contract Act, 1872, a contract of indemnity means a contract by which one party promises to save the other from loss caused to him by the conduct of:

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Answer and explanation

Correct answer D

Section 124 of the Contract Act defines a contract of indemnity as one 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. The answer is therefore "Both the promisor himself and any other person".

Loss caused by the promisee's own conduct is not named in the definition.

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