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The guarantee of single transaction is _____
- a)general guarantee
- b)continuous guarantee
- c)implied guarantee
- d)none of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The guarantee of single transaction is _____a)general guaranteeb)conti...
Explanation:
- Single Transaction Guarantee: This type of guarantee ensures that a specific transaction will be completed successfully without any issues.
- General Guarantee: This type of guarantee covers a broad range of transactions and may not specifically focus on a single transaction.
- Continuous Guarantee: This type of guarantee ensures ongoing support or coverage for a series of transactions, rather than just a single transaction.
- Implied Guarantee: This type of guarantee is not explicitly stated but is understood to be part of a transaction based on common practices or industry standards.
- None of these: This option indicates that the guarantee in question does not fall under any of the categories mentioned above.
Therefore, in this case, the guarantee of a single transaction would fall under the category of a general guarantee.
Most Upvoted Answer
The guarantee of single transaction is _____a)general guaranteeb)conti...
General Guarantee:
The guarantee of single transaction is referred to as a general guarantee. This type of guarantee is specific to a single transaction or a particular instance. It is not an ongoing or continuous guarantee.
Continuous Guarantee:
Continuous guarantee, on the other hand, extends beyond a single transaction. It covers multiple transactions over a period of time. This type of guarantee remains in effect until it is revoked or expires.
Implied Guarantee:
Implied guarantee is not explicitly stated but is understood to be a part of the transaction based on the circumstances or the nature of the relationship between the parties involved. It is not a formal agreement but is assumed to exist.
Therefore, in the context of the guarantee of a single transaction, the correct option is 'General Guarantee'. This type of guarantee is specific to that particular transaction and does not extend beyond it.
The guarantee of single transaction is referred to as a general guarantee. This type of guarantee is specific to a single transaction or a particular instance. It is not an ongoing or continuous guarantee.
Continuous Guarantee:
Continuous guarantee, on the other hand, extends beyond a single transaction. It covers multiple transactions over a period of time. This type of guarantee remains in effect until it is revoked or expires.
Implied Guarantee:
Implied guarantee is not explicitly stated but is understood to be a part of the transaction based on the circumstances or the nature of the relationship between the parties involved. It is not a formal agreement but is assumed to exist.
Therefore, in the context of the guarantee of a single transaction, the correct option is 'General Guarantee'. This type of guarantee is specific to that particular transaction and does not extend beyond it.
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The guarantee of single transaction is _____a)general guaranteeb)continuous guaranteec)implied guaranteed)none of theseCorrect answer is option 'A'. Can you explain this answer?
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