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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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