Protecting the lifeblood of commerce: A critical assessment of recent judgments of the South African supreme court of appeal relating to demand guarantees
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Date
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Journal Title
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Volume Title
Publisher
Tydskrif vir die Suid-Afrikaanse Reg
Abstract
Description
Keywords
The guarantor's obligation to pay in accordance with the guarantee is independent of the underlying contract (, The beneficiary, to be entitled to payment, must comply with the requirements or terms of the guarantee, The purpose of a demand guarantee is to provide the beneficiary with easy access to money in the circumstances stipulated in the guarantee
Citation
2014 TSAR 661