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Business Studies

A/An _______ is that by which the assured undertakes that some particular thing shall or shall not be done.

A
Warranty
B
Guarantee
C
Indenmnity
D
Policy
Answer & Solution

Warranty


SOLUTION
 A warranty is that by which the assured undertakes that some particular thing shall or shall not be done. Warranty is often referred as a term of a contract. According to the contract law, warranty is a promise. It may be expressed or implied.
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