3h 13m
Law of Contract II (Specific Contracts)
Contract Law II Complete Course
31 chapters Free video course
Study material
Explained in
Published material from The Law Easy that cites Section 124.
Complete courses
3h 13m
Notes and articles
Law of Contract II (Specific Contracts) Complete notes
Law of Contract II
A Contract of Indemnity is defined under Section 124 of the Indian Contract Act, 1872. It refers to a promise by one party (the indemnifier) to save the other party (the indemnity-holder) from losses caused by the condu…
38 min read
Law of Contract II (Specific Contracts) Complete notes
Contract Law II: Complete Notes
About this subject ▶ Watch this part of the lecture (0:00) Contract Law II has six units, from indemnity to how these rules work for governments and consumers. These contracts arise daily: handing car keys to a valet, pledging gold for a loan, buying a phone, starting a business with a friend. Conn…
126 min read
Law of Contract II (Specific Contracts) Case compilation
Law of Contract II Case Law
Key Point: An indemnity holder can claim indemnity without waiting for actual loss if their liability is absolute. What Happened:
24 min read
Practice MCQs
2 practice questions test this section.
- 1 According to the lecture, which kind of loss falls OUTSIDE the definition of a contract of indemnity in Section 124 of the Contract Act?
- 2 In Gajanan Moreshwar Parelkar v. Moreshwar Madan Mantri, the Bombay High Court considered when the indemnifier's liability begins. What principle did the court lay down?
Official text
We show statutory text only after checking it word for word against the official source. Read Section 124 of the Indian Contract Act, 1872 on India Code.
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