Question
Which of the following statements regarding bank
guarantees is true?Solution
Bank guarantee is a financial instrument issued by a bank to ensure payment or performance obligations on behalf of a customer. A bank guarantee is a contractual agreement between a bank (issuer) and a customer (beneficiary), where the bank undertakes the responsibility to make payment or perform obligations in case the customer fails to fulfill its contractual obligations.
With reference to the Specific Relief Act, 1963 select the correct pairing of Section and its title from options below:
The Chairman and Whole time Members of the Board may hold office for a period of __________
Constitution of the rent control tribunal is under:
Void marriages under the Special Marriage Act, 1954, is defined under which of the following Provisions?
As per the Companies Act, 2013 the sweat equity shares are issues to whom by the company?
In which landmark case was it declared that withholding of reasons for impounding the passport of the petitioner was violative of the principles of natu...
Public servants are covered under which section of IPC?
Which Act delas with the provisions relating to prevention of undesirable transactions in securities by regulating the business of dealing therein?
The doctrine of res-judicata is incorporated under which section of CPC?
Under section 65 of Indian Penal Code, 1860, the term for which the court directs the offender to be imprisoned in default of payment of a fine shall:
