A/An _______ is that by which the assured undertakes that some particular thing shall or shall not be done.

Warranty

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Guarantee

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Indenmnity

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Policy

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Solution

The correct option is A Warranty
A warranty is that by which the assured undertakes that some particular thing shall or shall not be done. Warranty is often referred as a term of a contract. According to the contract law, warranty is a promise. It may be expressed or implied.

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