Contracts of Indemnity

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CHAPTERIZATION

CHAPTERS PGNO

1- INTRODUCTION 6

2- WHAT IS INDMENITY? 7

3- SECTION 124 DEFINATION OF CONTARCT OF INDEMNITY 8

4- INDMENITY UNDER ENGLISH LAW (COMPARISON) 9

5- DIFFENCES BETWEEN GUARANTEE AND INDEMNITY 11

6- SECTION 125 RIGHT OF THE INDEMNITY HOLDER 13

7- IMPLIED AUTHORITY TO DEFEND 14

8- INDEMNITY UNDER INSURANCE POLICIES 15

9- CONCLUSION 16

10- BIBILIOGRAPHY 17

INTRODUCTION

An agreement of indemnity as a concept developed under common law is an agreement. Where in the promisor promises to save the promise from harmless loss caused by event or accidents. Which do not or may not depend on the conduct of any person or form liability for something done by the promise at the request of the promisor. The promise could be express or implied in this whole project we talked about indemnity from where it is borrowed actually borrowed from Halsbury law of England within common lawin this project w...

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...fundamentally derived from the age old time-tested English law – The Hallsbury’s Law of England.

Hence, changes in indemnity is very essential as a fundamental requirement in the modern age, as it has a lot of flaws in itself. Indemnity and its scope is very narrow, and there is no way one can get out if he gets entangled in indemnity. One person here is definitely in a position to dominate the will of the other person, and this leads to a direct blow to the pure basic essence of Contract law.

BIBLIOGRAPHY

Reference books

1- Contract and specific relief act AVTAR SINGH 11TH EDITION EASTERN BOOK PUBLICATION

2- Contract and specific relief act R.K BANGIA 6TH EDITION ALLAHABAD LAW AGENCY PUBLICATION

3- Indian contract act and tender act T S RAMASWAMY IYER 10TH EDITION GOGIA AND COMPANY PUBLICATION

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