Law · Commercial Law
Which specific right is granted to the indemnity holder under Section 125 of the Indian Contract Act when sued in a matter covered by the indemnity?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The right to recover only the principal amount of the loss incurred
- 2The right to seize the personal assets of the indemnifier without a court order
- 3The right to cancel the contract of indemnity if the indemnifier refuses immediate payment
- 4The right to recover all damages, costs of litigation, and sums paid under a compromise✓
Correct answer
The right to recover all damages, costs of litigation, and sums paid under a compromise
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