A creditor who made a loan to a debtor, but does not have full confidence into the ability or willingness of the debtor to repay the loan fully and punctually, has two main options for securing his loan capital. He can either demand that the debtor gives him real security by encumbering one or several of his assets, or he suggests to the debtor to win over a third party to act as a guarantor and to assume joint liability for repayment of the loan. Such a form of personal security by means of a bond has been known for ...
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A creditor who made a loan to a debtor, but does not have full confidence into the ability or willingness of the debtor to repay the loan fully and punctually, has two main options for securing his loan capital. He can either demand that the debtor gives him real security by encumbering one or several of his assets, or he suggests to the debtor to win over a third party to act as a guarantor and to assume joint liability for repayment of the loan. Such a form of personal security by means of a bond has been known for centuries. During the last decades, however, a number of other models for providing personal security for loans have been developed, in particular the guarantee, by now widely used in commerce. Within the framework of plans by the Commission of the European Union to work out a uniform "framework of reference" for contract law, a multinational work group of the Study Group on a European Civil Code prepared proposals for uniform rules on personal security models. The proposa
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Add this copy of Personal Security (Principles of European Law) to cart. $275.00, like new condition, Sold by Arches Bookhouse rated 4.0 out of 5 stars, ships from Portland, OR, UNITED STATES, published 2007 by sellier european law publishers.
