US UCC Article 5’s Non-Variable Provisions
How UCC Article 5 governs letters of credit in the US, its non-variable provisions, and the legal nuances that affect issuers and beneficiaries.
Local Guarantor petitioned for rehearing from the Supreme People’s Court of order for Counter Guarantor to terminate payment to Local Guarantor for having committed guarantee fraud and not acting in “good faith”.
Different jurisdictional interpretations of guarantee law reinforce the need for practice rules in demand guarantee transactions.
Did English courts finally define the difference between a surety guarantee versus a demand guarantee?
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