Examlex
Which of the following materials has the highest transport costs as a percentage of product prices?
Indemnity
A financial compensation mechanism for loss or damage, or provision for protection against potential financial liability.
Guarantee
A formal promise or assurance, typically in writing, that certain conditions will be fulfilled, particularly relating to product quality or loan repayment.
Indemnity
Protection or security against financial liability or loss.
Personal Property Security Act
Legislation that provides a legal framework for the creation and registration of security interests in personal property (assets other than real estate) to secure payment or performance of an obligation.
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