Start learning →

Under Section 125, the indemnity-holder can recover what?

AOnly the contract price
BDamages he must pay in a suit
CProfits he hoped to make
DInterest on his capital
Answer & Solution
Correct answer: B. Damages he must pay in a suit
Section 125(1) allows recovery of all damages the promisee is compelled to pay in a suit covered by the promise.
Practise this question with Quill — CA Foundation →

Keep practising Contract of Indemnity and Guarantee

Browse all Contract of Indemnity and Guarantee questions for CA Foundation, or explore more Businesslaw topics.

Start a Contract of Indemnity and Guarantee lesson →
Related questions