The Comparative analysis of guarantee versus regulations in Civil Code

Term ‘guarantee’ has been defined variously. Guarantee is used as meaning of security, surety, collateral, and letter of indemnity. In one definition guarantee stands for services after sale of commodities and goods and this trend may not only warrant for survival of production and practitioners in manufacturing companies, but also it is one of the efficient foremost factors for competition in the world markets. Although guarantee is deemed as one life requisites, it stems from some of well-known traditional institutions. Also, Civil Code includes some regulations regarding option for defect/fault and guarantees to indemnify about assuming liability for defect and fault that is relatively similar to guarantee rules; however, there are also some distinct differences among both of them