Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business Special Contracts Contracts of Indemnity and Guarantee
The indemnity holder is NOT entitled to
1. All damages which he may be compelled to pay in any suit in respect of any matter to which the promise applies
2. All costs that he may be compelled to bear in defending any such suit
3. All sums that he may have paid under the terms of any compromise of such suit
4. Damages for liability incurred which is not absolute
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