Question on: JAMB Commerce - 2013
An undertaking given by a person to another assuring his integrity is
A
proximate cause
B
fidelity quarantee
C
subrogation
D
insurable interest
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Correct Option: B
A fidelity guarantee is a type of insurance policy that protects a business from financial loss caused by the dishonest acts of its employees. This is essentially an undertaking or assurance of integrity.
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