If a take a indemnity bond from a

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

Asked on 3/10/10, 12:15 am

Shrichand Nahar S.V.Nahar, Advocate

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Generally, it will be binding on the heirs.

Have the document vetted from your Advocate for correct advice.

Answered on 3/10/10, 2:21 am

RAJIV GUPTA (Cell: +91 9811284735) lawnrajiv@gmail.com

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

Answered on 3/10/10, 5:17 am

Sudershan Goel India Law Offices of Sudershan Goel - Advocate

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

Answered on 3/13/10, 10:50 am

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