The Law of Guarantees: The Rights & Liabilities of the GuarantorLex Witness (2011)
AbstractA contract of guarantee requires meeting of minds of three players - the principal debtor, the surety and the creditor. The surety (usually a bank) undertakes an obligation at the request express or implied of the principal debtor (usually the bank's customer). It is an independent contract between the bank and the beneficiary. It is this very autonomy that makes a contract of guarantee an instrument for growth of business and economy.
- Law of Guarantee
Publication DateSummer May 1, 2011
Citation InformationMaurya Vijay Chandra. "The Law of Guarantees: The Rights & Liabilities of the Guarantor" Lex Witness Vol. 2 Iss. 10 (2011)
Available at: http://works.bepress.com/mauryavchandra/20/