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Brief Considerations regarding the Enforceability of the Letter of Bank Guarantee

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  • Dorel Mihai VLAD

    (Dimitrie Cantemir Christian University of Bucharest, Romania)

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.

Suggested Citation

  • Dorel Mihai VLAD, 2021. "Brief Considerations regarding the Enforceability of the Letter of Bank Guarantee," RAIS Journal for Social Sciences, Research Association for Interdisciplinary Studies, vol. 5(2), pages 38-42, November.
    • Handle: RePEc:smo:jornl1:v:5:y:2021:i:2:p:38-42
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    References listed on IDEAS

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    1. Nicholas Collett & Naresh R. Pandit & Jukka Saarikko, 2014. "Success and failure in turnaround attempts. An analysis of SMEs within the Finnish Restructuring of Enterprises Act," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 26(1-2), pages 123-141, April.
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