Brief Considerations regarding the Enforceability of the Letter of Bank Guarantee

Authors

  • Dorel Mihai VLAD Lecturer PhD, Faculty of Law and Administrative Sciences, “Dimitrie Cantemir” Christian University of Bucharest, Romania

Keywords:

the enforceability, letter of guarantee, negotium, enforceable titles, the executory law

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.

Published

2021-11-24

Issue

Vol. 5 No. 2 (2021): RAIS Journal for Social Sciences

Section

Articles
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