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Legal Aspects of Business
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The contract of indemnity is valid under which of the following conditions?
1. there is a promise
2. to save another person from loss or make good the loss
3. which may be caused by the conduct of the promisor himself or by the conduct of any other person
4. the promisor undertakes to make good the loss
5. it covers indemnity for loss caused by human only

Answer & Solution
Correct Answer: Option D
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