Rights of Indemnity Holder

Mon, 04/16/2012 - 07:47 -- Umar Farooq

Rights of Indemnity Holder

As per the section 125 the rights of indemnity holder are

1. Damages. In a contract of indemnity the indemnity holder is entitled to recover from the promise and indemnifier all damages for which he may be compelled to pay in any suit as of any matter to which the promise the indemnity applies while acting within the scope of his authority.

2. Costs. Any person with indemnity holder and indemnified or promise is entitled to recover from promisor all costs which he may be compelled to pay in any suit in bringing or defending it if he does not go against the order of the promisor and if he has acted in absence of any contract as would have been prudent for him to do.


Related pages


cognitive development jean piagethypothesis defnomadic definedefine arbitrariness in languagedefine indemnifiedpurposive non probability samplingteacher centred instructionthe macro environment factorsmckinsey 7 s modelthe meaning of industrializationmaterial and nonmaterialpatriarchy theorytqm stepswhats is communismpolygyny definitionsteps in consumer decision processdefinition of gratifyingproperties of indifference curve with diagramdefine mainframe computersbackward integration advantages and disadvantageswhat are the 4ps of marketing mixexamples of pull and push factorschandler strategy and structuredefine 4ps of marketingwhat is porter's value chaininflationary and deflationary gapswhat are taboos in sociologywhy does ethnocentrism existwhat are the demerits of democracydefine personaltyskimming pricing advantages and disadvantagesexamples of diminishing returnswhat does the word scarcity meansole proprietorship defineinternet demeritsethnocentrism is defined asjean piaget cognitive theory stagesfolkways sumnerfraternal polyandrynature of bills receivable accountdefine idealogiesmax weber sociology theorydefine resocializationelement of marketing concepttimeliness in journalismbands tribes chiefdoms and statesmicro and macro environmental factorshorizontally integrated firm examplecountries with a unitary governmentfreud's 5 stages of personality developmentparticipative leadership theory lewinwhat is the meaning of decentralisationcomprehensive sexuality education pros and consmax weber concept of bureaucracysole trader advantages and disadvantagesmcgregor's theory ysociology questionnairesmax weber definition of religionsedentary societiesmeaning of federalism in the constitutionansoff matrix strategiesendogomousconventions in uk constitutionadvantages of indirect democracyadvantage of unitary governmentwhat does diseconomies of scale meantypes of supercomputerskimming pricing advantages and disadvantagessupercomputer laptoplist of ias accounting standardseducation according to socrateswhat is psychosexual stageswhat is idealistic meanfactors affecting marketing environmentego freud