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Contract Guarantee

Contract of Guarantee is a contract to perform the promise and discharge the liability of a third person in case of default.  There are three important words associated with the word ‘Guarantee’.  These words are Surety, ...
 
 
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Rights of Indemnity Holder when Sued

Under Section 125, the promisee, in a contract of indemnity, acting within the, scope of his authority, is entitled to recover from the promisor; (1) all damages which he may be compelled to pay in any suit in         ...
 

 
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CONTRACT OF INDEMNITY

Contract of Indemnity says that it is a contract under which one party promises to save the other party in the contract from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person. Acco...
 
 
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Termination of agency by operation of law

i.            Perofrmnace of contract- the most obvious mode of putting an end to the agency is to do what the agent has undertaken to do. Where the agency is for a particular object; then it is terminated when the o...
 
 
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Termination of agency by act of parties

i.            Agreement:- the relation of principal and agent like any other agreement may be terminated at any time and at any stage by the mutual agreement between the principal and the agent. ii.         ...