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    Question

    A "Contract of Indemnity" is defined under which section

    of the Indian Contract Act, 1872?
    A Section 124 Correct Answer Incorrect Answer
    B Section 126 Correct Answer Incorrect Answer
    C Section 172 Correct Answer Incorrect Answer
    D Section 10 Correct Answer Incorrect Answer
    E Section 2(h) Correct Answer Incorrect Answer

    Solution

    Section 124 defines a contract by which one party promises to save the other from loss caused to him by the conduct of the promisor or any other person.

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