Which of the following refers to a contract by which one party-00816
Which of the following refers to “a contract, by which one party promises to save the other from loss caused to him by the conduct of the Promisor himself, or by the conduct of any other person”?
This multiple choice question (MCQ) is related to the book/course vu bnk601 Banking Laws & Practices. It can also be found in vu bnk601 Lecture No.31 - Quiz No.1.
Which of the following refers to “a contract, by which one party promises to save the other from loss caused to him by the conduct of the Promisor himself, or by the conduct of any other person”?
Contract of guarantee
Contract of surety
Contract of indemnity
Contract of liability