Law · Contract Law
In a contract of indemnity, the indemnitee is eligible to claim compensation from the indemnifier strictly under which of the following conditions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1When a three-party agreement is officially formalized
- 2When an actual loss or damage has been incurred✓
- 3When there is a mere anticipation of a financial risk
- 4When the principal debtor defaults on their obligation
Correct answer
When an actual loss or damage has been incurred
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Law?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Contract Law MCQs →Want more practice questions on Contract Law?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Law · Contract Law