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Mariana Venkateswara M. A, B. Ed, L.L.Ethereal.co.in Indian Contract Act 1872 II1. Define the Contract of Indemnity. Distinguish between contract of Indemnity & contract of guarantee. And explain
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Define form contract is a legally binding agreement that outlines the terms and conditions of a transaction between two or more parties.
Any party involved in a contract transaction may be required to file the form contract, depending on the laws and regulations governing the specific transaction.
To fill out a form contract, parties must provide detailed information about the terms of the agreement, including payment terms, delivery dates, and any other conditions outlined in the contract.
The purpose of a form contract is to ensure that all parties involved in a transaction are aware of their rights and obligations, in order to avoid any misunderstandings or disputes in the future.
The information that must be reported on a form contract includes the names and contact information of the parties involved, a description of the goods or services being exchanged, the price and payment terms, and any other relevant terms and conditions.
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