Contract of Indemnity & Guarantee

Contract Of Indemnity & Guarantee

What is a Contract of Indemnity?
Essentials of Valid Contracts of Indemnity
Rights of the Indemnity Holder
Rights of the Indemnifier
Commencement of the Indemnifier’s Liability
What is a Contract of Guarantee?
Essentials of Contract of Guarantee
Distinction between Contracts of Indemnity & Contracts of Guarantee
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Kinds of Guarantee
Revocation of Continuing Guarantee
Rights of Surety
Rights Against the Creditor
Rights Against Co-sureties
Surety’s Liabilities
Discharge of Surety
Revocation of Contract by Surety
By Act or Conduct of Creditor
By Invalidation of the Contract of Guarantee