Question

What is contract of indemnity?

Answer 1

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The Contracts of Indemnity has been defined as: "A Contract whereby one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any other person, is called a contract of indemnity." ... All Contracts of Insurance are Contracts of Indemnity except life insurance.

Answer 2

Answer:

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Explanation:

The Contracts of Indemnity has been defined as: "A Contract whereby one party promises to save the other from loss caused to him by the conduct of the promisor himself or by the conduct of any other person, is called a contract of indemnity." ... All Contracts of Insurance are Contracts of Indemnity except life insurance.