A contract by which one party promises to other to discharge liability

A contract by which one party promises to other to discharge liability of a third person in case of his default is called as contract of:
(a) Indemnity
(b) Guarantee
(c) Pledge
(d) Surety

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1 Answer(s)

Answer: (a) Indemnity 

Anurag Mishra Professor Answered on 26th May 2016.
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