In a guarantee, the guarantor is primarily liable for the debt owed by the debtor. In an indemnity, the guarantor is secondarily liable for the debt owed by the debtor.

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In a guarantee, the guarantor is secondarily liable, meaning they are responsible only if the debtor defaults. In an indemnity, the indemnifier is primarily liable, meaning they are responsible for fulfilling the obligation regardless of the debtor's default.

In a Guarantee, the Guarantor Is Primarily Liable for the Debt