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Commerce · Q1030

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 1030

Q1030

A contracts to indemnify B against the consequences of any proceedings which C may take against B in respect of a certain sum of Rs. 500.

A.
This is contract of indemnity
Answer
B.
This is not a valid contract of indemnity
C.
This is contract of stipulation
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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