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Contract Law | Indemnity and Guarantee

Ramchandra B. Loyalka v. Shapurji N. Bhownagree

ByVivek Kumar Verma January 22, 2012

Ramchandra B. Loyalka v. Shapurji N. Bhownagree  (1940) 42 BOMLR 550 (Section 124, 126 and 145 of Indian Contract Act, Difference between Indemnity and Guarantee) FACTS: The plaintiff (P) was a sub-broker employed by the defendant broker (D) on 50% commission. P introduced 6 constituents and became answerable to the broker for them. The constituents…

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Contract Law | Indemnity and Guarantee

Lakeman v. Mountstephen

ByVivek Kumar Verma January 22, 2012

Lakeman v. Mountstephen  (1874) LR 7 HL 17 (primary and secondary liability) FACTS: Plaintiff (P) was employed by the local board of health to construct the main sewer of a town. After the completion, the board directed the owners and occupiers of the adjacent property to connect their drains with the main system within 21days….

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