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A personal guarantee, by contrast, is often used to refer to a promise made by an individual which is supported by, or assured through, the word of the individual. In the same way, a guarantee produces a legal effect wherein one party affirms the promise of another (usually to pay) by promising to themselves pay if default occurs.
guarantee and guaranty. In legal terms, a guaranty is a binding assurance of the performance of a product or service, commonly a security for the fulfillment of an obligation (often on another's behalf), while a guarantee is a person who benefits from a guaranty (provided by a guarantor ).
A warranty is not a guarantee: it is a mere promise. It may be enforced if it is breached by an award for the legal remedy of damages. Depending on the terms of the contract, a product warranty may cover a product such that a manufacturer provides a warranty to a consumer with whom the manufacturer has no direct contractual relationship because ...
The Sixth Amendment guarantees criminal defendants nine different rights, including the right to a speedy and public trial by an impartial jury consisting of jurors from the state and district in which the crime was alleged to have been committed. Under the impartial jury requirement, jurors must be unbiased, and the jury must consist of a ...
The Budapest Memorandum on Security Assurances comprises four substantially identical political agreements signed at the Conference on Security and Co-operation in Europe (CSCE) in Budapest, Hungary, on 5 December 1994, to provide security assurances by its signatories relating to the accession of Belarus, Kazakhstan and Ukraine to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT).
A group of European leaders agreed at a meeting in Paris on Monday they were ready to give Ukraine security guarantees, but it would be dangerous to conclude a ceasefire without a peace agreement ...
This guarantee survives even when the initial purchaser sells his goods to another person. A merchant cannot ask a consumer to pay any fees or shipping charges in order to be eligible to receive their legal guarantee. The office for the protection of consumers does not take a particular stance towards extended warranties. However, they ...
A service guarantee is a marketing tool service firms have increasingly been using to reduce consumer risk perceptions, signal quality, differentiate a service offering, and to institutionalize and professionalize their internal management of customer complaint and service recovery. [1]