Collateral is something secondary. When the primary is ineffective, the collateral becomes effective. Example A borrowed money from B and C guarantees the payment. A is primarily liable. C' liability is collateral. When A fails to pay, C' liability starts.
The subject Professional Ethics differs for each the profession, such advocates, engineers, doctors, auditors. I do not understand what is your suggestion. Please clarify.
It is a contract between indemnity holder and indemnifier. Indemnifier promises to pay the loss,if any, suffered by the indemnity holder. Example :vehicle insurance The vehicle owner is a indemnity holder. Insurance company is the indemnifier. Insurance company agrees to pay the loss if any caused by accident to the indemnity holder. It is an agreement between two persons. They have to decide with whom they are going to have contract. You can choose insurance ABC insurance company or XYZ insurance company.
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it was very useful sir
Thank you sir it is very useful .please explain integral calculus for b.com students
Sir say other cases in indemnity
Super teaching sir.
Well explained sir👏
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What is meant by collateral
Collateral is something secondary. When the primary is ineffective, the collateral becomes effective.
Example A borrowed money from B and C guarantees the payment.
A is primarily liable.
C' liability is collateral.
When A fails to pay, C' liability starts.
@@swamyslecturesonlaw sir, thank you for your clear explanation
Sir, can you please explain about limitations in contract act.
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Example oda solluga sir
Sir ethics pathi sollungha sir
The subject Professional Ethics differs for each the profession, such advocates, engineers, doctors, auditors.
I do not understand what is your suggestion.
Please clarify.
Sir naan indemnity holder na indemnity pandravan yaaru sir.. avana naan thaan choose pannanum aah..
It is a contract between indemnity holder and indemnifier.
Indemnifier promises to pay the loss,if any, suffered by the indemnity holder.
Example :vehicle insurance
The vehicle owner is a indemnity holder.
Insurance company is the indemnifier.
Insurance company agrees to pay the loss if any caused by accident to the indemnity holder.
It is an agreement between two persons. They have to decide with whom they are going to have contract.
You can choose insurance ABC insurance company or XYZ insurance company.
Sir we are law students..so can we speak with for reference...sir...
Can you give your number sir
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