search query: @indexterm GUARANTEES / total: 72
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| Author: | Gorton, L. |
| Title: | Draft UNCITRAL convention on independent guarantees |
| Journal: | Journal of Business Law
1997 : MAY, 3, p. 240-253 |
| Index terms: | LAW EUROPE GUARANTEES |
| Language: | eng |
| Abstract: | "Guarantees are usually taken to provide a second pocket to pay if the first should be empty". Thus a guarantee is normally issued to cover a credit transaction, i.e. the guarantee is issued as financial security by a third party in favour of the creditor. In a number of legal systems there are rules on Buergschaft, Kaution, Garantie or whatever concept is used in the particular legislation. There is in Swedish law some rather old legislation concerning suretyship. |
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