Chapter IPT03770
| Published date | 15 April 2016 |
| Record Number | IPT03770 |
| Court | HM Revenue & Customs |
| Issuer | HM Revenue & Customs |
These usually involve a guarantor promising a creditor that, if a third party does not pay debts to the creditor, the guarantor will do so. Although there are some similarities between an insurance contract and a guarantee, a crucial difference between them is the absence, in the case of a guarantee, of an insurable interest. For example, the debtor could...
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