| Autor: |
Chew, Charles Y. C. |
| Předmět: |
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| Zdroj: |
Journal of International Banking Law & Regulation; 2018, Vol. 33 Issue 4, p137-142, 6p |
| Abstrakt: |
This article examines the vulnerability o f sureties who give contract securities or guarantees-the most commonly used securities in the commercial world. Such securities are signed by sureties in situations where they have little information about important aspects o f the contract. It is not often, for example, that sureties have sufficient information about the borrowers' loans or the financial health o f their business. Such knowledge is invaluable i f sureties are to give a fully informed consent to participate in the transaction. The vulnerability o f the sureties is evident where pressure and coercion from the creditor may affect the former s judgment so that they are then not able to act in a fully independent manner, fully aware o f the risks involved. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Supplemental Index |
| Externí odkaz: |
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