What are the rights of an indemnity holder?


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He is entitled to recover—

  • All damages
  • All costs which he may be compelled to pay in any suit in respect of any matter to which the promise to indemnity applies, and
  • All sums which he may have paid under the terms of any compromise of any such suit provided, such compromise was not contrary to the orders of the promisor and was prudent or the promisor authorizes him to compromise the suit.

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