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The Difference Between a Guarantee and an Indemnity Is That

Question 37

Multiple Choice

The difference between a guarantee and an indemnity is that


A) indemnities need to be in writing to be enforceable.
B) a guarantee is a conditional promise whereas an indemnity is not.
C) a guarantee is a promise to assume another's debt.
D) the Statute of Frauds applied only to indemnities.
E) a guarantee is given to a bank and an indemnity to a party that is not a bank.

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