If the court classifies the nature of a third-party agreement as a(n) ________, there is no requirement of writing.
A) guarantee
B) obligation
C) indemnity
D) provision
E) equity

Question

Quizplus · Accepted Answer

Indemnity agreements do not necessarily require a written document to be enforceable, unlike guarantees which often do require a written form to be legally binding. Indemnity involves one party agreeing to hold another party harmless against specified losses.

If the Court Classifies the Nature of a Third-Party Agreement