According to Indian law insurance is not a contract of indemnity and in english law except life insurance other types of insurance comes under contract of indemnity
Your vidoes help me understand the business law easily....!! Thank you so much......for helping us.....as business law is not easy subject but u make it easy for us.....!! Thankuu again....
Thanks Yokesh! We are going to keep brining more useful lectures for you. Stay tuned. You can also follow us on Instagram for more informative posts: instagram.com/lncpro?
Hello Arun ...!! Due to lack of resources we are not able to produce videos on many topics but we request you to share our channel and videos as much as possible so that our team gets encouragement to create more videos on different topics. Thanks Happy learning:-)
Hii bro, ur vedio was very helpful for my contracts exams. Bro , I request you to upload vedios on jurisprudence . Also plsss do vedios only in English . Because it will helpful for law students in other religional languages other than hindi , plsssssssssssss bro
Thank you Santhosh. As we grow we will try to upload videos in different languages. But, we will never stop uploading videos in English. We are trying to upload as many videos as possible in different languages and on different topics but lack of resources is holding is back. Support us by sharing the channel with your friends and other people and help us spread more knowledge. As we grow, we will definitely provide more lectures.
Very informative video Sir 👌 I have a doubt and I couldn't find the exact answer anywhere and hope u can clear my doubt, my question is that some people are of the view that "Indemnification contract or the clause in a contract covers ONLY third party claims", now in this video, you've mentioned that it can ALSO cover the loss caused by Indemnifier/ Promisor himself, so can we conclude that INDEMNITY IS NOT CONFINED MERELY UPTO THIRD PARTY CLAIMS? Kindly help in this Sir. (My question is in the context of commercial contracts between two parties or say two companies) Thanks Sir 🙏🙏
Thank you!! sir for this informative video...but I have a doubt sir. Contract of indemnity covers only loss caused for promisor or any 3rd party ..but In case of fire insurance loss is caused by nature or say act of God so how does it comes under contract of indemnity ..pls kindly reply at the earliest.sir
As far as Section 124 of Indian Contract Act is literally interpreted, fire caused by lightening will not come under the ambit of indemnity. But, concept of indemnity is way wider than Section 124 of the Indian Contract Act. Hope this helps. Also do not forget to share the channel and videos on your social media and other people so that we can grow and spread more knowledge. Regards, Team LnC PRO Keep learning :)
Sorry mashooque Ali sahab...!! We are trying to upload as many videos as possible but due to lack of resources we are unable. But don't worry we are trying our best and will come up with more videos including on bailment. Please help us grow by sharing the channel with your friends, family and colleagues.
Thank you for your feedback Anirudh......!! We will definitely try to improve our next videos by explaining more in depth. But, we need to keep the length of the video short too. please subscribe to our channel and share it with your friends if you liked our work.
I have question sir, That types of contract of guarantee are 1 principal contract 2 secondary contract 3 implied contrt . Or 1 specific guarantee 2 continue guarantee 3 retrospective guarantee and prospectiv 4 fidelity guarantee .. Exactly what are the types I'm confused
Thank you. Please help us grow and spread more knowledge by sharing this channel with your friends, family and colleagues. We will cover more topics, subjects, and areas of study as we grow. Happy learning :)
Thank you. Please help us grow and spread more knowledge by sharing this channel with your friends, family and colleagues. We will cover more topics, subjects, and areas of study as we grow. Happy learning :)
Sorry Rohit for not uploading videos in Hindi. With time we are trying to create videos in Hindi also. Hopefully, soon we will be able to upload videos in Hindi and English both.
![Contract of Guarantee [ Indian contract act, 1872]](http://i.ytimg.com/vi/NTWvc7T7Elg/mqdefault.jpg)
![Contract of Guarantee [ Indian contract act, 1872]](/img/tr.png)
![Contract of Bailment [Law of Contracts] [common law system]](http://i.ytimg.com/vi/rEfzMqyCjgs/mqdefault.jpg)
Simple and effective class....loved it💥😍
I just love the way uh explained.. bcoz of diagrams it becomes more easy for us to understand the concepts...thank uh sir!✨💙
Also
This was the excellent one i ever watched
We bet you will like our latest video on Contract of Bailment even more. Do watch that video and give us your feedback
Very nice explinationion sir. Tomorrow is my exam.and luckily I got ur vedio. Explained very well thank u so much🙏
I wait for this type of educational law videos
Thank-you so much sir Lovely lecture given by you . Thank-you so much for all the hard work. Blessed to have a teacher's like you. Cheers 😊
Thank you so much Mamatava ...!! Don't forget to subscribe to the channel and help us grow by sharing the channel and videos with your friends.
wonderful content. I will be seeing your videos regularly on topics of banking and insurance. Keep inspiritng
I like it ,, good teaching 👍👍👍
According to Indian law insurance is not a contract of indemnity and in english law except life insurance other types of insurance comes under contract of indemnity
As S124 is not exhaustive, insurance is also a contract of indemnity
Your vidoes help me understand the business law easily....!! Thank you so much......for helping us.....as business law is not easy subject but u make it easy for us.....!! Thankuu again....
Thanks Sapna. We have released our new video on contract of Bailment. Do watch that and give us your feedback. That motivates us to do more.
Thanku sir for videos bcz it's helps to learn law subject in easy way
Perfect.. Thanks 👍
I liked the way you explain sir!!✨ Thankyou 💖
perfect video..thank you
Fantastic and I would like to watch the vedios of LLB subjects . Kindly post
Your explanation is very easy and excellent
Thank you for making these videos , it helped a lot.
Thank you sir nice presentation ❤
Thankyou, you taught very well.. Keep continue this great work
Thank you, we will.
Thnk u so much...it's helps me a lot.
It's useful
Thank you so much😇
Thanks. Help us spread more knowledge by sharing the channel with your friends.
Excellent video
Cleared all my doubts.... Grt wrk
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Happy learning :-)
Thank you so much bro. ❤❤❤
Good very useful
Excellent Sir
very good video and helpful
Thanks Roman...!! You can help your friends by sharing this channel.
Nice explanation
Nice one
Fine. Good..
Thank yu so much...
Simple and good .. i like it..
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Keep learning :)
Badia bhai.
Sir u are great please provide more such videos thank you sir
Great video mate 👍
Thank you for clearing my concept! :)
Nice lecture
Thanks Yokesh! We are going to keep brining more useful lectures for you. Stay tuned. You can also follow us on Instagram for more informative posts: instagram.com/lncpro?
👍Good video.... Very interesting n easily understandable......plz post some video on ,The Negotiable Instrument Act, 1881 Thank you
Thanks for your kind words and suggestion. We will definitely consider this.
Loved the presentation !!
Please also do videos on the industrial laws.
Hello Arun ...!! Due to lack of resources we are not able to produce videos on many topics but we request you to share our channel and videos as much as possible so that our team gets encouragement to create more videos on different topics.
Thanks
Happy learning:-)
Wow I learn a lot, thank you, can u do many more with contracts; different type of contracts I mean
Thank u sr g....... For this good video
You are welcome
thanku sir for gud explanation
You are welcome Mallari Venky.
Hii bro, ur vedio was very helpful for my contracts exams. Bro , I request you to upload vedios on jurisprudence . Also plsss do vedios only in English . Because it will helpful for law students in other religional languages other than hindi , plsssssssssssss bro
Thank you Santhosh. As we grow we will try to upload videos in different languages. But, we will never stop uploading videos in English.
We are trying to upload as many videos as possible in different languages and on different topics but lack of resources is holding is back. Support us by sharing the channel with your friends and other people and help us spread more knowledge. As we grow, we will definitely provide more lectures.
LnC PRO x
Thanks 🔥🔥
Very nice video....
Thank you praveeb kumar. Dont forget to subscribe and share our channel.
Keep learning :)
Super sir very easily to understand... Pls do more videos
Definitely. Please help us grow by sharing our videos with your friends, facebook and other places.
Good video and contract of bailment and pledge please
Thank you. Videos on these topics will be uploaded as soon as possible.
Happy learning :)
Thank you sir
Very informative video Sir 👌 I have a doubt and I couldn't find the exact answer anywhere and hope u can clear my doubt, my question is that some people are of the view that "Indemnification contract or the clause in a contract covers ONLY third party claims", now in this video, you've mentioned that it can ALSO cover the loss caused by Indemnifier/ Promisor himself, so can we conclude that INDEMNITY IS NOT CONFINED MERELY UPTO THIRD PARTY CLAIMS?
Kindly help in this Sir.
(My question is in the context of commercial contracts between two parties or say two companies)
Thanks Sir 🙏🙏
Yes, your indemnification clause can cover first party claims also. It totally depends on the parties to the contract.
@@LnCPRO Got it.. Thanks for clarifying Sir 👍👍
Respected sir .
Very useful video and you have very easily present this subject . can you provide video "marketing of insurance " subject video
Thank you.....its verry helpfull
You are welcome. Please share our videos to spread the knowledge and to encourage us.
This video is useful to me. Tq
Thank you.
Very well explained
Thank you.
Excellent explanation sir
Thank you abhilasha....!! Share our channel with as many people as possible.
Happy learning :-)
Nice explanations
Thank you!
👍
Nice vedio
Thank you!! sir for this informative video...but I have a doubt sir. Contract of indemnity covers only loss caused for promisor or any 3rd party ..but In case of fire insurance loss is caused by nature or say act of God so how does it comes under contract of indemnity ..pls kindly reply at the earliest.sir
Fire may not necessarily an act of God all the time. If the fire is caused by human agency, it will fall under the contract of indemnity.
@@LnCPRO Thanking you for the early reply. But sir..if fire is caused by lighting...does it comes under contract of indemnity.
As far as Section 124 of Indian Contract Act is literally interpreted, fire caused by lightening will not come under the ambit of indemnity. But, concept of indemnity is way wider than Section 124 of the Indian Contract Act.
Hope this helps.
Also do not forget to share the channel and videos on your social media and other people so that we can grow and spread more knowledge.
Regards,
Team LnC PRO
Keep learning :)
@@LnCPRO Thank you sir..I will spread this knowledge
Okay, thanks.
Sir,explain creation of agency
As soon as possible
What is implied and express contract
Thank you so much Sir...
Thank you so much
Thank u ❤️
You are welcome Shagun. If you like our work, please spread the word.
At 4:30 ypu said Indemnity is defined in Sec-125 whether it's defined in Sec-124 which was also written there😂😂
😂lol
@@dikshu7450 it was written by me 5 months before and you replied today that is totally LOL😂😂😂😂
Hehe.. exactly! 😝
Sir thirumba videos podunga pls
Thnkqqq so much
Super
Sir Bailment k lectures kb Upload kr rhe ho
Sorry mashooque Ali sahab...!! We are trying to upload as many videos as possible but due to lack of resources we are unable. But don't worry we are trying our best and will come up with more videos including on bailment.
Please help us grow by sharing the channel with your friends, family and colleagues.
Thank you
A contract of indemnity is void
More detail explanation required the video was good to summarise but It can be great....
Thank you for your feedback Anirudh......!! We will definitely try to improve our next videos by explaining more in depth. But, we need to keep the length of the video short too.
please subscribe to our channel and share it with your friends if you liked our work.
I have question sir,
That types of contract of guarantee are 1 principal contract 2 secondary contract 3 implied contrt .
Or
1 specific guarantee
2 continue guarantee
3 retrospective guarantee and prospectiv
4 fidelity guarantee ..
Exactly what are the types I'm confused
Wow super brother really very useful for video and fantastic explainations
Then what is contingent contract ?
Rights and duties of indemnifier
very good video sir
perfectly explained ♨
Thank you. Please help us grow and spread more knowledge by sharing this channel with your friends, family and colleagues.
We will cover more topics, subjects, and areas of study as we grow.
Happy learning :)
Sir plz llb for 3yrs in maha can u giv me 1st semister llb lectures plz
Sir bailment k lectures bane
Sir you should make your video in video
Can u give me notes on contact of indemnity
Thank you sir
Thank you. Please help us grow and spread more knowledge by sharing this channel with your friends, family and colleagues.
We will cover more topics, subjects, and areas of study as we grow.
Happy learning :)
Indemny of Violify
During summary you said "section 125" instead of "124"
Sir please explain in telugu also
Rmb kastama irukku.... Property act padika
Any new CA inter students here?
Plzz bhai hindi!
It's section 125
sir speak hindi
Sorry Rohit for not uploading videos in Hindi. With time we are trying to create videos in Hindi also. Hopefully, soon we will be able to upload videos in Hindi and English both.
English 👍👍👍
Please speak in Hindi
Thank you sir