Question
A contractual agreement between two parties, in which
one party agrees to pay for potential losses or damages caused by the other party, is called?Solution
Indemnity is a contractual agreement between two parties, in which one party agrees to pay for potential losses or damages caused by the other party. A typical example is an insurance contract, whereby one party (the insurer, or the indemnitor) agrees to compensate the other (the insured, or the indemnitee) for any damages or losses, in return for premiums paid by the insured to the insurer.
- A total of 840 toffees are shared among four siblings in the ratio (1/7):(1/8):6:8. How many more toffees did the second highest recipient get than the low...
A reduction in number of workers in the ratio of 9 : 13 and an increment of wages in the ratio 23 : 21, then the total wage is increased by?
- If βΉ29,700 is distributed among βEβ, βFβ, βGβ, and βHβ in the ratio 9:7:6:8, then what is the share of βHβ?
The monthly incomes of A and B are in the ratio 3:5 and the ratio of their savings is 2:3. If the income of B is equal to three times the savings of A. ...
The ratio of males and females in a zoo is 3:5 respectively and the percentage of children among males and the percentage of children among females are ...
Pawan gave a total of Rs. 2,82,000 to his 3 friends, 4 uncles, and 2 brothers. Each friend received (3/4) of the share of each un...
A invested a certain amount in Debt and Equity mutual funds in the ratio of 5: 6 respectively. At the end of one year, he earned a total dividend of 40%...
Gagan and Magan have their monthly incomes in the ratio of 9:7 while their monthly expenditures are in the ratio of 6:5, if they have saved Rs. 23,400 a...
If 75% of (P - Q) equals 25% of 60% of (P + Q), what is the ratio of Q to P?
- Find the mean proportion of 7.2 and 16.2.