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Questions and Answers
What is the duty to indemnify usually, but not always, coextensive with?
What is the duty to indemnify usually, but not always, coextensive with?
- The contractual duty to 'hold harmless' or 'save harmless' (correct)
- The contractual duty to 'compensate'
- The contractual duty to 'insure'
- The contractual duty to 'guarantee'
In an agency context, who may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship?
In an agency context, who may be obligated to indemnify their agent for liabilities incurred while carrying out responsibilities under the relationship?
- The guarantor
- The indemnitee
- The agent
- The principal (correct)
Under which section of the Statute of Frauds (1677) must a 'guarantee' be evidenced in writing?
Under which section of the Statute of Frauds (1677) must a 'guarantee' be evidenced in writing?
- Section 2
- Section 4 (correct)
- Section 6
- Section 8
What forms the basis of many insurance contracts?
What forms the basis of many insurance contracts?
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What is a 'guarantee' in contract law?
What is a 'guarantee' in contract law?
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