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Which kind of loss is expressly covered by the definition of a contract of indemnity in section 124 of…

Section 124 defines indemnity by reference to loss caused by the conduct of the promisor or of another person. An accident or a natural event unrelated to anyone's conduct…

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Which kind of loss is expressly covered by the definition of a contract of indemnity in section 124 of the Indian Contract Act, 1872?

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Answer and explanation

Correct answer A

Section 124 defines indemnity by reference to loss caused by the conduct of the promisor or of another person.

An accident or a natural event unrelated to anyone's conduct is outside that specific wording.

Option feedback

Option A

Loss caused by the promisor or any other person matches the definition.

Option B

An accident without the relevant human conduct does not satisfy the wording asked about.

Option C

A natural calamity alone does not supply the human conduct specified in section 124.

Option D

The option describing the promisor's or another person's conduct is correct.

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