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which section of indian contract act defines a contract of indemnity


yashikathakur752 22nd May, 2021
Answers (2)
Bindu jangid 30th Dec, 2021

Sec 124 indian contract act 1872

Regards team career 360

Ayush 23rd May, 2021

Hello candidate,

Before proceeding to the Indian Section contract defining the law you need to understand about the law first- The indemnity agreement is official law which ensures proper compensation is available for such loss or damage of property.

The Indian Civil Code 124 clearly resonates itself stating the law.

Hope you found it informational!!

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