This document discusses various legal concepts including indemnity, guarantee, bailment, and agency. It defines indemnity as when one person promises to save another from loss by doing something, such as in an insurance agreement. Guarantee is defined as when one person promises to pay money owed by another if that person defaults. The key parties in a guarantee are the creditor, debtor, and surety. Bailment is the delivery of goods by one person to another for some purpose, to be returned according to the delivery instructions, with the deliverer called the bailor and receiver the bailee.