zobowiązanie nieakcesoryjne
English translation: non(-)accessory obligation/guarantee
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| 13:01 Nov 7, 2014 |
| Polish to English translations [PRO] Bus/Financial - Law: Contract(s) / gearancja bankowa | |||||||
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|  Selected response from: Jacek Kloskowski United States Local time: 22:12 | ||||||
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| 3 +1 | non(-)accessory obligation/guarantee |
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Answers
24 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1non(-)accessory obligation/guarantee Explanation: Abstract/non accessory bank guarantee: http://www.bankaustria.at/files/Folder_Bankgarantie_Englisch... A principal obligation is one which is the most important object of the engagement of the contracting parties.An accessory obligation is one which is dependent on the principal obligation; for example, if I sell you a house and lot of ground, the principal obligation on my part is to make you a title for it; the accessory obligation is to deliver you all the title papers which I have relating to it; to take care of the estate till it is delivered to you and the like. http://www.lectlaw.com/def2/o001.htm Non-accessory Guarantees Non-accessory guarantees do not have ties to the underlying business agreement between the principal and beneficiary and instead of requiring the beneficiary to prove the validity of their claim, payment is made first and questioned later; this is a more secure form of guarantee for the beneficiary. Standby letter of credit and demand guarantees fall under the non-accessory category. The demand or simple demand guarantees, in most cases, do not require documentation to back up a claim for payment. Read more : http://www.ehow.com/info_8460015_types-bank-guarantees.html |
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