What is the difference between a guarantee and an indemnity? Why is the distinction important?

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Business Law in Canada

ISBN: 978-0133249095

10th Canadian Edition

Authors: Richard A. Yates, Teresa Bereznicki Korol, Trevor Clarke

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Question Posted: Dec 09, 2015 03:45 AM

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What is the difference between a guarantee and an indemnity? Why is the distinction important?

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Guarantees involve agreements whereby third parties ensure a debt will be repaid if the debtor ...View the full answer

Business Law in Canada

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