A guarantee given by one person or party to another in which the integrity of the person is assured is?

Assessment: JAMB UTME - Commerce - 2003 Subject: Commerce

Question 1 Report

A guarantee given by one person or party to another in which the integrity of the person is assured is?
Answer Details
The guarantee given by one person or party to another in which the integrity of the person is assured is known as "fidelity". It is a promise of faithfulness and loyalty given by one person to another, usually in a business context. This assurance may involve financial compensation or other forms of protection in the event of a breach of trust. It is essentially a form of insurance against dishonesty or fraud, and is commonly used in the context of employment, partnerships, and other business relationships where trust and integrity are essential.
Read lesson note on Legal Aspect Of Business (WAEC)
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