Law of Pledges, Guarantees and Letters of Credit - 5th Edition [eBook]
This new work traces all the significant development in the law of pledges, guarantees and letters of credit since the completion of the previous edition in August 1998 which includes the newly developed principle of unconscionability.
This new work traces all the significant development in the law of pledges, guarantees and letters of credit since the completion of the previous edition in August 1998 which includes the newly developed principle of unconscionability. Developments of the law is presented first with a detailed overview of the law to date followed by in-depth study of the principles governing the area. Like the previous edition, the author has once again adopted a clear and precise approach when commenting on the principles that have enunciated from these cases. Extracts of judgements are included to provide a more accurate understanding of the legal principles in the law of pledges, guarantees and letters of credit. It serves as an authoritative text and tool for all in the field of banking. Important Features: · Takes into account the developments in the law since the previous edition in August 1998 · Text strengthened by not only of new cases but also cases not previously dealt with · Highlights and discusses the recently enacted Contracts (Rights of Third Parties) Act (Cap 53B) · Discusses recently developed principle of unconscionability as constituting a ground, apart from fraud, for restraining a beneficiary from calling for payment under a performance bond or guarantee · New developments in letters of credit on documents made by photocopiers and computers, and the tortuous liability of persons, who create documents for presentation under letters of credit
Table of contents
· Chapter 1: Pledges · Chapter 3: Life Assurance Policies as Security · Chapter 3: Legal Nature of a Guarantee · Chapter 4: Consideration for a Guarantee · Chapter 5: Vitiating Factors in a Guarantee · Chapter 6: Undue Influence · Chapter 7: Matters Affecting Guarantor’s Interests · Chapter 8: Joint and Several Guarantee · Chapter 9: Some Common Terms in Guarantees · Chapter 10: Enforcement of Guarantee · Chapter 11: Guarantor and Creditor · Chapter 12: Security Provided by Principal Debtor · Chapter 13: Guarantor and Principal Debtor · Chapter 14: Rights Between Guarantors · Chapter 15: Performance Bonds · Chapter 16: Letters of Credit · Chapter 17: Buyer and Seller · Chapter 18: Buyer and the Issuing Bank · Chapter 19: Seller and the Intermediary Bank · Chapter 20: Issuing and Intermediary Banks · Chapter 21: Tender of Documents