Bank Guarantee vs Letter of Credit: What’s the Difference?
Financial institutions do not act as ‘middlemen’ but rather, as paying agents on behalf of the buyer. Courts have emphasized that buyers always have a remedy for an action upon the contract of sale and that it would be a calamity for the business world if a bank had to investigate every breach of contract. …
Bank Guarantee vs Letter of Credit: What’s the Difference? Leer más »