write two elements of a contract of indemnity
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contract of indemnity has two parties. The promisor or indemnifier: He is the person who promises to bear the loss. The promisee or the indemnified or indemnity-holder: He is the person whose loss is covered or who are compensated. ... Q is the promisee or the indemnified or indemnity-holder as his loss is covered by P.
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Answer:
A contract of indemnity has two parties. The promisor or indemnifier: He is the person who promises to bear the loss. The promisee or the indemnified or indemnity-holder: He is the person whose loss is covered or who are compensated. ... Q is the promisee or the indemnified or indemnity-holder as his loss is covered by P.
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