If a take a indemnity bond from a seller that for any expense/loss/damage…

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If a take a indemnity bond from a seller that for any expense/loss/damage resulting from the other legal heirs claims on the immovable property, seller will indemnify the same. what would be the validity of the indemnity bond if the person signing the indemnity bond dies after 1-2 months. Can we catch hold of his legal heirs ?? . pl advise

3 thoughts on “If a take a indemnity bond from a seller that for any expense/loss/damage…”

  1. Generally, it will be binding on the heirs.

    Have the document vetted from your Advocate for correct advice.

    Shrichand Nahar
    S.V.Nahar, Advocate

    Pune, 411004

  2. such a document is valid for sale consideration only but there is no mechanism to recover the premium paid in black money.

    RAJIV GUPTA
    (Cell: +91 9811284735) lawnrajiv@gmail.com
    Kar Vai Legal Solutions, Founder, 359, Western Wing, Tis Hazari Courts
    Delhi, India., 110054

  3. The legal heirs are NOT bound under an idemnity bond executed by a deceased person.

    Sudershan Goel
    Attorney-at-Law (India)/ Visiting Scholar, UNC-CH USA
    Sureme Court of India
    New Delhi, 110001

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