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    Business Law in Canada
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    Exam 7: The Elements of a Contract: Capacity, Legality, and Intention
  5. Question
    Indicate the Distinction Between a Guarantee and an Indemnity
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Indicate the Distinction Between a Guarantee and an Indemnity

Question 65

Question 65

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Indicate the distinction between a guarantee and an indemnity.

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A guarantee is a contingent obligation w...

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