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The demand guarantee bridges the "gap of distrust" that exists between the parties. When the bank issues the demand guarantee, the beneficiary deals with a party whose financial strength he can trust and a party which would pay upon first demand regardless of an existing dispute between the parties on the performance of the underlying contract. [5]
For several decades, various cities and towns in the United States have adopted relocation programs offering homeless people one-way tickets to move elsewhere. [1] [2] Also referred to as "Greyhound therapy", [2] "bus ticket therapy" and "homeless dumping", [3] the practice was historically associated with small towns and rural counties, which had no shelters or other services, sending ...
A person liable as a surety for another under a guarantee possesses rights against the person to whom the guarantee was given. As regards the surety's rights against the principal debtor, where the guarantee was made with the debtors consent but not otherwise, [ 69 ] after he has made default, be compelled by the surety to exonerate him from ...
A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it. In the case of a personal guarantee made by an individual on behalf of another, the person who makes the personal guarantee is usually referred to as a co-signer ...
Express warranties are created when the seller makes a guarantee to the buyer that the product or service being offered has certain qualities. For there to exist an express warranty, a statement regarding the product or service must be made to the buyer and the statement must play a role in the buyer's decision to purchase the product or service.
The right to housing (occasionally right to shelter [1]) is the economic, social and cultural right to adequate housing and shelter.It is recognized in some national constitutions and in the Universal Declaration of Human Rights and International Covenant on Economic, Social and Cultural Rights. [2]