Contractual Obligations

Indian Contract Act, 1872: Indemnity and Guarantee – CA Inter Law Question Bank Question 1.Answer the following:Define a contract of Indemnity and State the rights of the indemnity holder when sued. (Nov 1998, 5 marks)ORBriefly answer of the following:What are the rights of an indemnity-holder, against the indemnifier in a contract of indemnity? (May 1999, […]

Indian Contract Act, 1872: Agency – CA Inter Law Question 1.Distinguish between:An agent and a servant. (May 2001, 5 marks)Answer:Distinguish between an agent and a servant   Basis An agent A servant 1.Meaning An agent is a person employed to do any act for another or to represent another in dealing with third parties. A […]