Legal Question in International Law in India
letter of indemnity
By legal definition, is LoI an irrevocable and unconditional document?
Asked on 5/22/07, 1:21 am
1 Answer from Attorneys
Prabhat Shroff
Shroff & Company
Re: letter of indemnity
It could be irrevocable only if it is specifically mentioned in the document. It is bound by the terms mentioned therein and can not be unconditional.
Answered on 5/22/07, 1:24 am
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