Question
"Contract of Indemnity" is defined in which section of
Indian Contract Act?ÂSolution
S. 124 Contact of indemnity defined- A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a contract of indemnity.  A contract of indemnity is a special kind of a contract which secures the promise from any kind of unprecedented losses.  Parties to a contract of indemnity-  ·        The promisor or indemnifier The promisee or the indemnified or indemnity-holder
The income of Amar is 20% more than the income of Akbar. If the difference between their incomes is Rs. 5,000 and they spend 80% of their respective inc...
From Ravi's monthly income, he spends 30% on rent and then 25% of the remaining on household items. After that, he uses 40% of the remaining money on ut...
In month of June Salary of Arjun is Rs.30000 and his expenditure is Rs.20000. In month of July salary of Arjun increased by 20,000 and expenditure incre...
X's income is 44% more than that of Y What percent is Y's income less than X's?
The monthly income of Bheem is Rs. 45000. He spends 25% of his income on house rent. From the remaining amount, he uses 40% for food and groceries, spen...
Sana uses x% of her earnings on house rent, then spends 20% of the remaining on groceries, pays Rs. 9400 as miscellaneous bills, and saves Rs. 7240 from...
Income of Ankit is Rs. 36,000. He spends 18% on rent, 22% on clothing, 'a%' on food, 28% on others and saves the rest. If his savings is Rs. 5,400, find...
The income of Amit is Rs. 12,000 greater than Bhuvan's income. Amit spends 75% of his income, whereas Bhuvan's expenditure is 80% of Amit's expenditure....
A man spends 12% of his salary on rent and out of remaining he spent Rs.7x on households and he saved the remaining amount i.e. Rs.4x. If the difference...
Pawan earns Rs. 40,000, which is 20% less than Bhuvan's income. Bhuvan spends 60% of his income and saves the remaining amount. The savings ratio of Paw...
