The Modern Contract of Guarantee provides readers with a detailed reference work on the law of guarantees. It provides practical insights into areas such as the validity and construction of guarantees, how to avoid a guarantee being discharged and common difficulties with enforcement. It also contains drafting guidance and a useful comparative discussion of developments in England and Commonwealth countries.
Key features:
New for this edition:
Preface
Part I Formation and Validity
1. Definition and Distinctions
2. Formation of the Contract of Guarantee
3. Formal Requirements
4. Factors Affecting Validity
Part II Liability and Discharge
5. The Scope of the Guarantor’s Liability
6. Discharge from Liability by the Determination of the Principal Transaction
7. Discharge from Liability by Reason of the Creditor’s Conduct towards the Principal
8. Discharge from Liability by Reason of the Creditor’s Conduct in Relation to the Guarantor
9. Discharge from Liability by the Determination of the Guarantee
Part III The Rights of the Parties
10. Rights of the Creditor
11. Rights of the Guarantor before Payment
12. Rights of the Guarantor after Payment
Part IV Guarantees in Particular Contexts
13. Demand Bonds
14. Suretyship in Private International Law