Bank guarantee in Serbian and European legal systems

The paper analyses a bank guarantee as an institute derived from a surety contract. By issuing a bank guarantee the bank commits to the creditor that it will fulfill valid and due liabilities of a debtor, in the event of default by the debtor. This collateral demonstrates significant advantages as c...

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Bibliographic Details
Main Author: Pajtić Bojan L.
Format: Article
Published: University of Novi Sad, Faculty of Law 2015-01-01
Series:Zbornik Radova: Pravni Fakultet u Novom Sadu
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