Under the Indian Contract Act, the contract of indemnity is restricted to such cases-
A. Where the loss promise to be reimbursed is caused by the conduct of the promisor or any other person
B. The loss caused by the any events or accident which does not depend upon conduct of any person
C. Both (a) & (b)
D. None
Answer:B
Under the Indian Contract Act, the contract of indemnity is restricted to such cases-
A. Where the loss promise to be reimbursed is caused by the conduct of the promisor or any other person B. The loss caused by the any events or accident which does not depend upon conduct of any person C. Both (a) & (b) D. None