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The liability of the indemnifier generally commences:
AAt the moment the contract is signed
BAs soon as the indemnity-holder's liability becomes absolute and certain
COnly when a court so orders
DOnly after the indemnity-holder actually pays
Answer & Solution
Correct answer: B. As soon as the indemnity-holder's liability becomes absolute and certain
Though the Act is silent, judicial decisions hold the indemnifier's liability arises once the indemnity-holder's liability has become absolute and certain.
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