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- Title
EFECTELE JURIDICE ALE SCRISORII DE GARANŢIE POTRIVIT CODULUI CIVIL (LEGEA NR. 287/2009, REPUBLICATĂ).
- Authors
Postolache, Rada
- Abstract
The letter of guarantee is regulated by the new Civil Code within the autonomous guarantees, together with the letter of comfort. It is an autonomous, unconditional and irrevocable legal deed. In the letter of guarantee, the issuer assumes its own obligation which in its relationship with the beneficiary at least, shall be main and autonomous - the payment of an amount of money upon the first simple request of the beneficiary, for the situation in which the result taken into account upon its assumption is not carried out. The execution of the letter of guarantee depends only on its own requirements and this is the criterion according to which it distinguishes basically from the deed of trust.
- Subjects
CIVIL law; CIVIL procedure; BENEFICIARIES; CIVIL liability; CONDITIONS (Law)
- Publication
Dreptul, 2012, Issue 3, p33
- ISSN
1018-0435
- Publication type
Article