Template:Demand guarantee description

From The Jolly Contrarian
Revision as of 15:28, 6 September 2016 by Amwelladmin (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

A demand guarantee is a guarantee that the guarantor must honour upon the beneficiary’s demand. The beneficiary is not required to first make a claim or take any action against the obligor of the obligation that the guarantee supports. A demand guarantee is enforceable notwithstanding any deficiencies in the enforceability of the underlying obligation.

Retrieved from "https://jollycontrarian.com/index.php?title=Template:Demand_guarantee_description&oldid=11857"