Professional Documents
Culture Documents
Contract of Indemnity2
Contract of Indemnity2
Contract of Indemnity2
Conclusion: -
After having a deep discussion on the two, now we can say that these two types of contract are
different in many respects. In indemnity, the promisor cannot sue the third party, but in the case
of guarantee, the promisor can do so because after discharging the creditors debts he gets the
position of the creditor.