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Commerce · Q15

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 15

Q15

The indemnity holder is not entitled to:

A.
All damages which he may be compelled to pay in any suit in respect of any matter to which the promise applies
B.
All costs that he may be compelled to bear in defending any such suit
C.
All sums that he may have paid under the terms of any compromise of such suit
D.
Damages for liability incurred which is not absolute
Answer

Answer: Option D

Solution

Answer: Option D
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