A written document can contain both a guarantee and an indemnity.

Question

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A written document can contain both a guarantee and an indemnity. A guarantee is a promise by one party to be responsible for the debt or obligation of another party if that party fails to pay or perform. An indemnity is a promise by one party to compensate another party for any losses or damages incurred as a result of a specific event. Both guarantees and indemnities can be included in a written document, such as a contract or insurance policy.

A Written Document Can Contain Both a Guarantee and an Indemnity