Rangle contracts with Siena to buy a certain horse for her.Rangle makes a deal with Timberline Stables,the owner of the horse,and makes a down payment.Siena fails to pay the rest of the price.Timberline sues Rangle for breach of contract.His right to hold Siena liable for any damages that he has to pay is the right of

Question

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Indemnification is the right to be compensated for any damages or losses suffered as a result of a breach of contract by another party. In this case, if Timberline Stables has to pay damages because Siena failed to pay the full price, they have the right to hold Rangle liable for those damages and require her to indemnify them. The other options (avoidance, cooperation, reimbursement) do not accurately describe the situation or the legal rights of the parties involved.

Rangle Contracts with Siena to Buy a Certain Horse for Her.Rangle