Contracts of Indemnity and Guarantee (Part-1) (Indian Contract Act 1872)
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- เผยแพร่เมื่อ 27 ธ.ค. 2017
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This video explains Contracts of Indemnity and Guarantee in a very lucid way and this will helps CA, CS, CMA, B.Com, LL.b, M.Com and MBA students.
i am a student of LL.B. 1st yearand your videos have really helped me out in undestanding the basic concepts. Thank you so much sir
During lockdown when our classes is running through online mode. Really, his videos are very helpful for us 1st year student.
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The way you are explaining is so much understandable sir thank you from Nepal , great respect towards you
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@@SudhirSachdeva PLZ upload video of Consent
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Tum Nepal se Hoke indian law kyu padh rahi ho??
@@aayushc9116 Only for Cocept, Concept are similar
That’s really too easy to understand and helpfull to me for my upcoming exams🔥🔥🔥 thank u so much sir👏🏻
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Sir please upload videos on CPT(Explanation) . Solve bits related to Accounting Process, BRS, COMPANY ACCOUNTS, PATNERSHIP. It would really help sir. Please find time and upload the videos sir. Thank you
Contract of guarentee starts at 1:33:19
Thanks
Thnks dude
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Thank you so much sir for this video
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Thank you sir ❤️❤️ aaj apki wajah se mera specific contract k exam acha gya hai credit goes to you🙏🙏🙏
such a wonderful explanation sir
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Sir video thoda blur ho rha h... But teaching is amazing... Keep sharing your knowledge
Sir in the books of law it is provided that the contract of indemnity must fulfil the conditions of ordinary contract provided in s.10. So there must be consideration. but in your example you are citing that it can b gratuitous. Can you make this point clear? thanks
sir which book is best for special contract?
Jo rights of indemnity holder diye gaye hai vo sab agreement ke samay chune jate hai ya phir ye sab agreement me nahi hote.?
Thank you so much sir.
Sir, in example 3, if A will lost the dividend warrant then he will be the indemnifier?
And also pay the loss of third party if he misused the warrent?
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I am a student of cma intermediate and I am really thankful to you sir as it helped me a lot...
Book name plz
Please may you get me the name of book and its writer and publishers of books you are referring here in your video
Tq u sir ...for this super explain indemnity and guarantee
thanks you so much for all vedio srji
Yaah u r right
Sir aap preparation krwa rhe ho ya koi University m class le rhe ho..
Best ever law teacher
Thank you
Thankyou so much Sir it's very helpful
Best teacher of law ...
Happy Guru Pournima🙏
sir aap konsi book se padate hain ?
Best teacher ❤
We r greatful to you sir helping us alot with ur best lectures thanks a ton sir
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Thank you for make me understand Law
I am very grateful to you respected Sir
Thank you so much sir Ji
Sir what is inherent part wo car wale example m
but it is also mention in which is define
Please mention the section no also .
Sar Mere Pitaji ki expire Ho Gaye Mere Pitaji ne ek loan liya tha capital first se lekin awaaz mein kah Rahe Hain ki aap indemnity form de do to kya Hamen yah Dena chahie
sir second part upload please
Sir aapki khi law ki classes hoti h to btaye
Sir kaha hai apki class maine sara apke se dekh ke kia hindu law aur exam mera bahot achha gaya because apke samjhane ka tarika itna easy tha ki sara easily ho gaya
Thank you
sir, can you please suggest a contract2 books.
Sec ke sath hota to jada best hota
Sir, at the example on 25:30, you said it is a gratuitous indemnity contract, but isn't the act of X coming to Delhi consideration of Y's promise to indemnify him??
X ke delhi aane se Y ko koi fayda thodi na hai matlab uske badle mai kuch mil thodi na rha hai upar se aur karcha karna padega agar job nahi lagi toh...asha karti hu ki ab samaj agaaya hoga
@@rushitatamta4283 but the defination of consideration is ,, "When at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing, or promises to do or abstain from doing something, such act or abstinence or promise is calledconsideration for the promise" sec 2(d)
I agree with vidit lohiya
sirf delhi aana ye consideration nahi ho sakta
agar wo kehta ki delhi aa kar meri kuch help kar dena to ye consideration ho jaata
superb explanation
Subscribed 500K sir Congratulations
Very nice..
Your teaching method is to intresting and attractive sir. Thank you so much. Tomarrow is my Contract II paper and hope it will be super fine.🙏
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sir implied contract ko quasi contracts v to keh sakte hai....
Sir...do u conduct paid courses too for professional xams like cs, ca ??
In Guarantee, if surety A no more (dead) and B (Debtor) don't want pay in that case C (Creditor) how recover thair loss?
Sir In the 3 contracts as u said in contract of guarantee the example u said for indeminity contract is wrong.. Here A is the indemnifier and B is the indemnity holder
No, he is right.
Actually here,
B goes to A
B says to A to guarantee for him and if you will suffer any loss by my conduct of non payment, I will payback the money you spent for guarantee, means indemnify your loss.
A says ok
Thus,
A is indemnity holder
B is indemnifier
Moreover, he said that the promiser is the indemnifier
And the promiser is indemnity holder.
is concurring and continuing same?
Sir from which book are you teaching from plz comment
I have a question.
in the case of gratuitous contract will the indemnifier gets its money back which he had given to the indemnity holder for his losses.
Gratuitous means without consideration and according to Section 25 of Contract Act, 1872, "An Agreement without consideration is void unless......3-4 exceptions". Here Consideration for the indemnifier is the money which he pays to the indemnity holder but in case of gratuitous contract Consideration on the part of the indemnity holder is absent. And according to the rule of Consideration must be on both sides otherwise the Contract is not enforceable in court of law. However, if this contract does not fit within the exceptions given in Section 25 of Contract Act then it will not be enforceable in court of law. In this case indemnifier cannot recover his amount from indemnity holder because this contract is not enforceable in court of law.
sir , a doubt that if accident and fir loss included in indemnity lose
No it's include in English law of indemnity but in india it is not included but now it has been included by indian Courts as a vision of English law
sir plzzz tp act ke v vedioes bnaiye plzz sir
Thankyiu sir.... 🥰
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Sir aap kis book se padhate hai please name
Hello sir..,where is part 2
th-cam.com/video/EKJ2AdsQjF4/w-d-xo.html
sir why indmnity contrct is primary and gurentee contrct is secondary
Gr8
Sir aapke pass konsi book h jisse aap bada rahe ho.?????????
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Really gud sir plz jurisprudence 2nd or hindu law pura krwado plz sir
Nice video
Sir, may you tell us which book you have referred to? It is really interesting to be in your class online. Thank you.
Very nice sir ..aaj class me mam ne padhai thi but samjha nhi ,mai 12th hindi medium se tha , class me English se padhai ..after watching this video mai smjh gaya..thank you sir..
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Which book are you referring to
👍👍superb
Sir, pls upload the part 2
Video problem aa rahi hai
Your way of teaching is amazing sir :}
All of your vedio is help me lot.. tommorow is my exam and I will definitely pass it thank you so much sir from nepal🇳🇵 huge respect
sir agr mene abhi tk 10000ka premium diya hai aur mere car ka accident ho gya jisme mujhe 50000ka loss hua to kya insurance company mujhe 50000ka amt degi ya 10000???
Kitna premium diya hai Vo nahi dekha jayega... Insurance kitna liya hai Vo dekhna zaruri hai... Us Jitna nukshan huva hai utni hi Rakam Di jayegi after inspection... Is me idb hoti hai yani car ki kimat... Us se zyada clam nahi degi company...
Nice
sir plzz upload part 2
Reply
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In case of withdrawing the case
Whether friend may become indemnifed
Too much good sir
Sir apni telegram ka link batado please
Sir how life insurance is a contingent contract because death is a certain thing we are gonna die some day
Some day
Is not certain
life insurance is not a contingent contract , section 31 of Indian contract act
Part 2 kha he sir ?
Degree semester
Sir, which author book is best for business law?
Munish bhandari
For Mercantile law R.K bhangia and Avtar Singh is the top seller.