The Modern Contract Of Guarantee
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The Modern Contract of Guarantee
This English edition of a classic text on the subject of commercial credit and security has been re-written to emphasise English law, and focuses on the liability of a surety to pay a commercial debt if the principal borrower does not. The coverage includes: analysis of the factors affecting the validity of the guarantee such as duress and undue influence and the liability of the lender for the acts of the principal borrower; construction of guarantees and the meaning of clauses commonly inserted in guarantees; special principles applicable to guarantees being discharged, and how the lender can guard against that eventuality; difficulties in enforcing guarantees; and rights of guarantors, including rights of set off, indemnity and contribution.
Modern Contract of Guarantee
"Provides users with a thorough knowledge of the law relating to guarantees, including a complete analysis of relevant case law. This knowledge enables: solicitors and barristers to minimise financial risk to their clients and fully prepare for litigation; banking and finance professionals to understand their legal obligations and duties to customers and third parties in order to minimise the risk of loan default and costly litigation."--Thomson catalog.
Lender Liability
Addresses the liability and risk issues that arise at each successive stage of the relationship between lenders and borrowers or guarantors. This work adopts a practical, transaction-based approach, examining the different stages of the relationship in turn and the legal issues that arise along the way. It also gives guidance on breach of loans.