Contract of Indemnity | Business law chapter-8 | Indian Contract act, 1872 | CWG for BCOM

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Welcome to **CWG for BCOM**!
In this lecture, we cover *Contract of Indemnity* from *Business Law Chapter-8* under the *Indian Contract Act, 1872**. A Contract of Indemnity is a vital concept in contract law that deals with **compensation for loss* and is frequently asked in *BCOM semester exams* and professional courses like **CA, CS, and CMA**.

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🎯 *What You’ll Learn in This Video:*

✅ Meaning and Definition of Contract of Indemnity (Sec 124)
✅ Essentials of a Valid Contract of Indemnity
✅ Rights of Indemnity Holder
✅ When Indemnifier’s Liability Commences
✅ Differences between Indemnity and Guarantee
✅ Important Case Laws & Practical Examples
✅ University Exam-Oriented Explanation

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📚 *Who Should Watch This Video:*

✔️ BCOM & BBA Students – Semester Exam 2025–26
✔️ CA Foundation / CS Foundation / CMA Foundation Aspirants
✔️ Students preparing for *Indian Contract Act, 1872*
✔️ Hindi & English Medium Learners

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