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CTN PRESS

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MEANING AND USE OF THE LEGAL TERMS: BONAFIDE

MEANING AND USE OF THE LEGAL TERMS: BONAFIDE Understanding the Legal Term “Bonafide” In the realm of law, the term “bonafide” holds substantial significance, frequently surfacing in various legal contexts. Derived from Latin, “bonafide” translates to “in good faith.” This phrase is pivotal in determining the authenticity, sincerity, and genuineness of actions, agreements, or intentions […]

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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO INDEMNITY AND GUARANTEE

MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO INDEMNITY AND GUARANTEE What is the primary difference between indemnity and guarantee? A. Indemnity involves a promise to perform the duty, while guarantee involves compensation in case of loss. B. Indemnity involves compensation for loss, while guarantee involves a promise to perform the duty. C. Both terms are interchangeable

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