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Higher Study | Legal Aspects of Business | Special Contracts

Which one of the following relates to warranty?  1. It is of vital importance for completion of contract 2. If there is breach, the aggrieved party can repudiate the contract 3. It is essential to the main purpose of the contract 4. In case of breach, the aggrieved party can claim only damages 
The indemnity holder is NOT entitled to  1. All damages which he may be compelled to pay in any suit in respect of any matter to which the promise applies 2. All costs that he may be compelled to bear in defending any such suit 3. All sums that he may have paid under the terms of any compromise of such suit 4. Damages for liability incurred which is not absolute 
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