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The duty to indemnify is usually, but not always, coextensive with the contractual duty to "hold harmless" or "save harmless". In contrast, a " guarantee " is an obligation of one party (the guarantor ) to another party to perform the promise of a relevant other party if that other party defaults .
In the UK, escrow accounts are often used during private property transactions to hold solicitors' clients' money, such as the deposit, until such time as the transaction completes. [4] Other examples include: Purchases of a second-hand car, where the money is held in the name of the buyer in a temporary bank account
In a letter requested by John Dingell, ranking member of the House Energy and Commerce committee, the FTC noted of 6,786 complaints relating to auto parts and repairs it had received between January 1, 1996, and May 16, 2006, only two complaints were relevant and there were "none relating to the inability of consumers or independent auto repair ...
Understanding the claim denial letter and why an auto insurance company decided not to make a payout is the first step in determining the validity of a denied car insurance claim. Most instances ...
Harmlessness or harmless may also refer to: Legal. Hold harmless, legal term in the contract law concept of indemnity; Harmless error, ...
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