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.
Correct Answer:
Verified
Q30: Which of the following is LEAST LIKELY
Q32: When may the defence of non est
Q33: Common law illegality
A)is an attempt to regulate
Q34: Which of the following mistakes is most
Q35: How do courts regard restrictive covenants?
A)Courts will
Q36: Which of the following examples of a
Q36: For which of the following lists would
Q40: Raja set up a website selling T-shirts
Q41: Adrian and Darah entered into a contract.After
Q42: A fiduciary relationship
A)is exclusive to the law
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents