menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    The Law and Business
  4. Exam
    Exam 16: Insurance and Guarantee
  5. Question
    Explain the Difference Between an Indemnity and a Guarantee
Solved

Explain the Difference Between an Indemnity and a Guarantee

Question 60

Question 60

Essay

Explain the difference between an indemnity and a guarantee.

Correct Answer:

verifed

Verified

In a guarantee,a third party agrees to b...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q55: Uncle Ralph told Jody's parents,"Supply Jody with

Q56: Which of the following is NOT a

Q57: LawnTrim Inc.is in need of working capital.It

Q58: C guarantees the loan of A to

Q59: Janice was a restaurant operator in a

Q61: Milton,who is 19 years old,purchased a car

Q62: Subrogation in insurance law is the<br>A)insurer's right

Q63: Co-insurance is a technique used by insurance

Q64: Subrogation allows an insurance company to recover

Q65: Key Bank would not give Tony a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines