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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| Format: | Article |
| Language: | English |
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University of Novi Sad, Faculty of Law
2015-01-01
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| Series: | Zbornik Radova: Pravni Fakultet u Novom Sadu |
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| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0550-2179/2015/0550-21791503127P.pdf |