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    Question

    Which section of the Contract Act defines contract of

    indemnity?
    A Section 114 Correct Answer Incorrect Answer
    B Section 124 Correct Answer Incorrect Answer
    C Section 142 Correct Answer Incorrect Answer
    D Section 148 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 124 "Contract 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

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