section 124
B is entitles to claim compensation for the damage which he has sustained through the non-fulfillment of the contract.
The Contract Act, 1977Civil1977192 sections
Statutory text
"Contract of indemnity" defined "Contract of indemnity" defined.—A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a "contract of indemnity".
Illustration. A contracts to indemnify B against the consequences of any proceedings which C may take against B in respect of a certain sum of 200 rupees.
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