Brief Considerations regarding the Enforceability of the Letter of Bank Guarantee

Dorel Mihai Vlad ()
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Dorel Mihai Vlad: Dimitrie Cantemir Christian University of Bucharest, Romania

RAIS Journal for Social Sciences, 2021, vol. 5, issue 2, 38-42

Abstract: The letter of guarantee is, as the name suggests, the instrument of a negotium usually offered by a banking institution for the benefit and at the request (order) of a client of his, engaged in production, trade or services in which he has the quality of debtor. Through the letter of guarantee, various types of guarantee can be constituted (including surety), being essential that the contents of the letter show the intention of the parties regarding the type of guarantee (negotium), which they intended to conclude.

Keywords: enforceability; letter of guarantee; negotium; enforceable titles; the executory law (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:smo:jornl1:v:5:y:2021:i:2:p:38-42

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