What are the Rights of indemnity-holder when sued? Section 125 of Indian Contract Act 1872
125. The promisee in a contract of indemnity, acting within the scope of his authority, is entitled to recover from the promiser-
(1) all damages which he may be compelled to pay in any suit in respect of any matter to which the promise to indemnify applies;
(2) all costs which he may be compelled to pay in any such suit if, in bringing or defending it, he did not contravene the orders of the promiser, and acted as it would have been prudent for him to act in the absence of any contract of indemnity, or if the promiser authorised him to bring or defend the suit;
(3) all sums which he may have paid under the terms of any compromise of any such suit, if the compromise was not contrary to the orders of the promiser, and was one which it would have been prudent for the promisee to make in the absence of any contract of indemnity, or if the promiser authorised him to compromise the suit.
Section 61 - Application of payment where neither party appropriates
Contracts which need not be performed
Section 62 - Effect of novation, rescission and alteration of contract
Section 63 - Promisee may dispense with or remit performance of promise
Section 64 - Consequences of rescission of voidable contract
Section 66 - Mode of communicating or revoking rescission of voidable contract
Section 67 - Effect of neglect of promisee to afford promiser reasonable facilities for performance
CHAPTER V CERTAIN RELATIONS RESEMBLING THOSE CREATED BY CONTRACT
Section 68 - Claim for necessaries supplied to person incapable of contracting, or on his account
Section 70 - Obligation of person enjoying benefit of non-gratuitous act
Section 71 - Responsibility of finder of goods
CHAPTER VI THE CONSEQUENCES OF BREACH OF CONTRACT
Section 73 - Compensation for loss or damage caused by breach of contract
Section 74 - Compensation for breach of contract where penalty stipulated for
Section 75 - Party rightfully rescinding contract entitled to compensation
CHAPTER VII SALE OF GOODS
Section 76-123 Sale of Goods omitted
CHAPTER VIII INDEMNITY AND GUARANTEE
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