What is indemnity and what is the definition of indemnity?

California, United States of America


The following excerpt is from Verde Peninsula Fund Ii, LLC v. Darwyn P. Fair, A151531 (Cal. App. 2018):

"In general, indemnity refers to 'the obligation resting on one party to make good a loss or damage another party has incurred.' [Citation.]" (Prince v. Pacific Gas &

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