A credit guarantee is a form of insurance that helps to protect the interests of a seller from the chance of non-payment by a buyer. This type of coverage is often utilized when goods are imported, affording the exporter a degree of protection that would be difficult to achieve otherwise. In some cases, this type of guarantee is extended through a governmental organization. At other times, the credit guarantee is made available through banks that manage import and export transactions. The exact structure of a credit guarantee depends on the governmental regulations that govern the transaction. In a situation where both the buyer and the seller are located in the same nation, it is not unusual for this type of coverage to be issued in what is known as a letter of guarantee. This is simply a legal document that affirms that if the buyer fails to tender the agreed-upon compensation for a purchase, that the insurer will honour the debt. A letter of guarantee may be in the form of a personal guarantee provided by an interested third party, or by a financial entity that has extended a line of credit to the buyer.
Baking powder is adulterated with?
Court can provide assistance in taking evidence to arbitral tribunal____.
As per the Prevention of Money-Laundering Act, 2002 whoever commits the offence of money-laundering shall be punishable with _________________
When is theft a robbery?
A person appointed as proxy shall act on behalf of such member or number of members _______________ and such number of shares as may be prescribed
According to the Contract Act under what circumstances is a person deemed to be in a position to dominate the will of another?
Private person may arrest any person who in his presence commits ?
Which of the following cases laid down the rule of Strict-Liability?
The permanent house of parliament shall not be subjected to dissolution, but ?
Right to property was recognized as a constitutional and legal right only and not a Fundamental right by which of the following Amendments to the cons...