Indemnity is
A. the sharing of payment for a debt (or judgment) among persons who are all liable for the debt.
B. a contract to reimburse another for actual loss suffered.
C. the right of a person who has paid an entire debt (or judgment) to get back a fair share of the payment from another person who is also responsible for the judgment.
D. the obligation to share payment of a debt (or judgment) when several persons are liable for the debt.
Answer: B
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