Contract by which one party promises to save the other party from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person is called :

CS CSEET · Business Laws and Management · PYQS · June 2026
Contract by which one party promises to save the other party from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person is called :
(A) Proposal
(B) Indemnity
(C) Guarantee
(D) Agreement

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Indemnity.

Topics: Indian Contract Act, 1872

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