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Interpreting see-to-it and on-demand guarantees

A see-to-it guarantee is an undertaking by an entity to be answerable for the debt or obligation of another if the other party defaults. The essential feature is that liability under the guarantee depends on the defaulting party’s liability under the underlying contract. The liability of the guarantor is therefore only secondary. In contrast, a ...

The post Interpreting see-to-it and on-demand guarantees first appeared on Hellenic Shipping News Worldwide.

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A see-to-it guarantee is an undertaking by an entity to be answerable for the debt or obligation of another if the other party defaults. The essential feature is that liability under the guarantee depends on the defaulting party’s liability under the underlying contract. The liability of the guarantor is therefore only secondary. In contrast, a ...

The post Interpreting see-to-it and on-demand guarantees first appeared on Hellenic Shipping News Worldwide. [post_title] => Interpreting see-to-it and on-demand guarantees [post_excerpt] => A see-to-it guarantee is an undertaking by an entity to be answerable for the debt or obligation of another if the other party defaults. The essential feature is that liability under the guarantee depends on the defaulting party’s liability under the u... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => interpreting-see-to-it-and-on-demand-guarantees [to_ping] => [pinged] => [post_modified] => 2021-12-07 22:00:57 [post_modified_gmt] => 2021-12-07 22:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=900360 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )