Aditya Marwah
in Intellectual Property Law
Asked September 14, 2013

Indemnity v. Guarantee

  • 1 Answer

What is the difference between Indemnity and Guarantee?

Answer 1

Indemnity means you indemnify a person from some loss in future.

Guarantee means surety from a third person if loan etc is given to some person if he does not pay than guarantor will be held responsible

Agree Comment 0 Agrees over 5 years ago

Please Login or Register to Submit Answer

Directory ads
Need to talk to a lawyer?

Book a phone consultation with a top-rated lawyer on Lawfarm.