fixed legal liability
Contract Act: Contract of Indemnity and Contract of Guarantee
Thu, 05/13/2010 - 15:14 — LIG ReporterWe enter into various contracts so that we can carry on with our day to day activities. It is almost impossible to run a company or get a credit card without entering into some kind of a contract. In India, the formation and validation of a contract is governed by the Indian Contract Act, 1872.