letter of indemnity
By legal definition, is LoI an irrevocable and unconditional document?
One thought on “letter of indemnity
By legal definition, is LoI an irrevocable and…”
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.
Prabhat Shroff
Shroff & Company
10, Old Post Office Street
Calcutta, NUS 700001
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.
Prabhat Shroff
Shroff & Company
10, Old Post Office Street
Calcutta, NUS 700001