1.Principal Debt: The main objective of guarantee is to ensure payment of the loan amount, so there must exist a debt. Hence it is the nucleus of the contract of guarantee that someone must be liable for the payment of debt and surety commits to fulfill the liability when the former defa...
Types of Parties to a Contract Identifying Parties to a Contract Contracting Party Examples Lesson Summary Frequently Asked Questions Can there be three parties to a contract? There can be three parties to a contract. An example of such is a contract of guarantee. The three parties in this ...
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While stop-loss limits are available from many CFD providers, they can’t guarantee that you won’t suffer losses, especially if there’s a market closure or a sharp price movement. Execution risks also may occur due to lags in trades. Because the industry is not regulated and there ...
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44、vive if it can be performed byal represenives.Bradbury v Man (1862)During his life the deceased had made a standing offer to guarantee another mans debt. The debtor failed to pay the creditor, who, not knowing of the death of the guarantor, wrote to claim his money.Held: the guara...
An example of a warranty is a seller committing to replace or repair a product within a specified time if it doesn't meet the expected performance. This guarantee concerns the product's fitness, quality, and performance. A warranty confirms the product will meet the conditions and run as pr...
copper-bottomed guarantee, assurance, deal, etc 可靠的保证、 绝对的把握、 毫无风险的交易. copperhead n poisonous snake found in the US 铜头蛇(一 种毒蛇, 产於美国). copperplate n polished copper plate on which designs, etc are engraved 铜凹版(镌刻有图案等的抛光铜 ...
Like most guarantees and contracts entered into by two or more parties, a contract guarantee is often enforceable in a court of law. Although court costs can be quite expensive, it may be necessary to ensure proper payment according to the contractual terms. Some agreements may includearbitration...
They can be attractive to some contractors because not only do they reduce the risk of not getting paid, they also guarantee profitability. The Bottom Line A cost-plus contract is a contract whereby the owner of a project agrees to pay the expenses incurred by a contractor during the project...