CONTRACT OF BAILMENT

CONTRACT OF BAILMENT

CONTRACT OF BAILMENT The word ‘Bailment’ is derived from the French word ‘Bailer’ which means to deliver. The etymological meaning…

SURETY

SURETY

RIGHTS OF SURETY A surety is a person giving a guarantee in a contract of guarantee. A person who takes…

CONTRACT OF INDEMNITY

CONTRACT OF INDEMNITY

CONTRACT OF INDEMNITY The term Indemnity literally means “Security against loss”. In a contract of indemnity one party – i.e.…