AIBE XV — January 2021 — Q.79 (Indian Contract Act, 1872)

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Q.79

Contract, Specific Relief, Property & NI Act Medium Section in Options

Bare Act Indian Contract Act, 1872 · Section 124

Indemnity contract is defined under:

✓ Section 124 of the Indian Contract Act Answer

B Section 67 of the Indian Contract Act

C Section 127 of the Indian Contract Act

D Section 128 of the Indian Contract Act

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Explanation & Strategy

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An indemnity contract is defined under Section 124 of the Indian Contract Act as a contract by which one party promises to save the other from loss caused by the conduct of the promisor or any third person.

1 Look up the referenced provision in Indian Contract Act, 1872 to verify the answer.

At a Glance

Subject Contract, Specific Relief, Property & NI Act

Difficulty Medium

Act Indian Contract Act, 1872

Section Section 124

Answer (A) Section in Options

Paper AIBE XV — January 2021

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