All India Bar Examination (AIBE) 5-V Previous Year Question Papers with Answers

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100.

Which type of loss are not covered by a contract of indemnity

A: Loss arising from accidents like fire or perils of the sea
B: Loss caused by the promisor himself or by a third person
C: Loss arising by human agency
D: None of the above

The answer is: D

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Explanation

The correct option is D: None of the above.

A contract of indemnity covers all types of losses that are caused by the conduct of the promisor himself or by the conduct of any other person, as long as they are within the scope and terms of the contract. Losses arising from accidents like fire or perils of the sea, or losses arising by human agency, are also covered by a contract of indemnity if they are specified in the contract.

Therefore, none of the options A, B, or C are correct..