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Home Tag Archives: Guarantee

Tag Archives: Guarantee

ONE GUARANTEE ISSUED AGAINST MORE THAN ONE COUNTER-GUARANTEE

By Mr Old Man
October 15, 2025
in :  Mr Old Man, Payment, Q&A
0
140

(When one guarantee has two “parents”) INTRO Every now and then, a guarantee comes into this world with not one, but two proud parents — two counter-guarantors, each claiming their share of responsibility. Sounds like a happy family? Well, it can be… provided everyone knows exactly who pays what when the baby cries. That’s exactly the situation raised in this …

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Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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