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What rights does the indemnifier have under a contract of indemnity?
  • a)
    The indemnifier has no rights, only liability
  • b)
    The indemnifier has the same rights as a surety
  • c)
    The indemnifier has the right to recover damages from the indemnified
  • d)
    The indemnifier has the right to sue for specific performance
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What rights does the indemnifier have under a contract of indemnity?a)...
While Section 125 of the Indian Contract Act only mentions the rights of the indemnified, it can be inferred that the indemnifier has the same rights as a surety. This means that the indemnifier, like a surety, has the right to succeed to all the ways and means by which the indemnified might have protected themselves against or reimbursed themselves for the loss.Example: If A indemnifies B against any loss caused by C, and B is able to recover some of the loss from C, the indemnifier (A) would have the right to claim that amount from B, just like a surety would in a similar situation.
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What rights does the indemnifier have under a contract of indemnity?a)The indemnifier has no rights, only liabilityb)The indemnifier has the same rights as a suretyc)The indemnifier has the right to recover damages from the indemnifiedd)The indemnifier has the right to sue for specific performanceCorrect answer is option 'B'. Can you explain this answer?
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What rights does the indemnifier have under a contract of indemnity?a)The indemnifier has no rights, only liabilityb)The indemnifier has the same rights as a suretyc)The indemnifier has the right to recover damages from the indemnifiedd)The indemnifier has the right to sue for specific performanceCorrect answer is option 'B'. 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 rights does the indemnifier have under a contract of indemnity?a)The indemnifier has no rights, only liabilityb)The indemnifier has the same rights as a suretyc)The indemnifier has the right to recover damages from the indemnifiedd)The indemnifier has the right to sue for specific performanceCorrect answer is option 'B'. 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 rights does the indemnifier have under a contract of indemnity?a)The indemnifier has no rights, only liabilityb)The indemnifier has the same rights as a suretyc)The indemnifier has the right to recover damages from the indemnifiedd)The indemnifier has the right to sue for specific performanceCorrect answer is option 'B'. Can you explain this answer?.
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