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ZAID OFFICIAL   19 July 2019

Sec. 124 of Indian Contract Act,1872

Why the contract of fire insurance and marine insurance is always contract of indemnity???

Sometime its can be mature by accident or an act of god as the case may be.

In this situation there is no fulfilment of requirement,(i.e the loss must be caused by promisor himself or any other person),of section 124 of said Act.


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