Distinguish between Contract of Indemnity and Contract of
guarantee.
Answer Posted / puja
CONTRACT OF INDEMNITY
1 There are two parties
to the contract viz.
the indemnifier and the
indemnified
2 The liability of the
indemnifier to the
indemnifed is primary
CONTRACT OF GUARANTEE
1 There are three parties
to the contract viz. the
creditor, the principal
debtor and the surety.
2 The liability of the
surety to the creditor
is collateral or secondary
the primary liability being
that of the principal debtor
Is This Answer Correct ? | 165 Yes | 20 No |
Post New Answer View All Answers
Purchase material & lease the same. In this cases vat & service tax which is appicable?
Should the law restrict our freedom of speech?
IF A COMPANY ENTER INTO A LEASE AGREEMENT WITH ANOTHER COMPANY OUTSIDE THE STATE, CAN A LASEE ISSUE "C FORM" AGAINST SUCH LEASE PURCHASE.
This post does not have a normal trial docket. You will be assigned to cases where the defendant's crime occurred in your patrol division. How do you feel about not being in the normal trial rotation?
Proof reading,style setting, and fomating of text done by any person is coverd the net of service tax??
what is mean ny poverty line,in term of money what is it (in rupees) ?
Can we apply IEC Certificate & professional tax certificate manually ? i.e. without online
I'm having trouble with the meaning of three words: Lie, Deceive, Mislead. They seem to mean something a bit similar, but not exactly the same. Help me to sort them out from each other.
Do you think that anyone should be able to serve on a jury?
Would you be able to do time-recording?
Help, what is a district court administrator's role and responsibility?
i want to know the basic purpose of introducing service tax. i.e why it was introduced by Govt.?
how can i protect my cultivated kharab(gomala) land or legally how can i move
What views are you having on the policies of the Legal Services Commission?
who is the first law officer of government of india ?