In a contract of Indemnity, the Person who promises to indemnify is known as
A.creditor
B.Surety
C.Indemnifier
D.Indemnity holder
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There are generally two parties in indemnity contracts. The person who promises to indemnify for a loss is the Indemnifier. On the other hand, the person whose losses the indemnifier promises to make good is the Indemnified.
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