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What is the liability of the indemnifier under a contract of indemnity?
  • a)
    Liability to compensate the indemnified for any loss caused by their own conduct
  • b)
    Liability to compensate the indemnified for any loss caused by any other person
  • c)
    Liability to compensate the indemnified for any loss caused by events or accidents
  • d)
    Both options A and B
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What is the liability of the indemnifier under a contract of indemnity...
The liability of the indemnifier under a contract of indemnity is twofold. Firstly, the indemnifier is liable to compensate the indemnified for any loss caused by their own conduct. Secondly, the indemnifier is also liable to compensate the indemnified for any loss caused by any other person. This means that the indemnifier is responsible for both their own actions and the actions of others.Example: If A promises to indemnify B against any loss caused by the conduct of C or by their own actions, A will be liable to compensate B for the loss suffered in either of these situations.
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What is the liability of the indemnifier under a contract of indemnity?a)Liability to compensate the indemnified for any loss caused by their own conductb)Liability to compensate the indemnified for any loss caused by any other personc)Liability to compensate the indemnified for any loss caused by events or accidentsd)Both options A and BCorrect answer is option 'D'. Can you explain this answer?
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What is the liability of the indemnifier under a contract of indemnity?a)Liability to compensate the indemnified for any loss caused by their own conductb)Liability to compensate the indemnified for any loss caused by any other personc)Liability to compensate the indemnified for any loss caused by events or accidentsd)Both options A and BCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the liability of the indemnifier under a contract of indemnity?a)Liability to compensate the indemnified for any loss caused by their own conductb)Liability to compensate the indemnified for any loss caused by any other personc)Liability to compensate the indemnified for any loss caused by events or accidentsd)Both options A and BCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the liability of the indemnifier under a contract of indemnity?a)Liability to compensate the indemnified for any loss caused by their own conductb)Liability to compensate the indemnified for any loss caused by any other personc)Liability to compensate the indemnified for any loss caused by events or accidentsd)Both options A and BCorrect answer is option 'D'. Can you explain this answer?.
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