A(n)________ contract occurs when one person agrees to answer for the debts or duties of another person.
A) indemnity
B) assurance
C) guaranty
D) due diligence
E) insurance

Name: A(n)________ contract occurs when one person agrees to answer for the debts or duties of another person. A) indemnity B) assurance C) guaranty D) due diligence E) insurance
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Question

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A guaranty contract is when one person agrees to answer for the debts or duties of another person.

A(n)________ Contract Occurs When One Person Agrees to Answer for the Debts