12 Inch Waldorf Doll Pattern

The effects of independent guarantee

To determine the effects of the independent guarantee we must address the implementation of the guarantee, the consequences of paying and extinction.

1. The implementation of the warranty: It section 2321 of the Civil Code which provides hypothéses.Elles There are 2. In the first case, the beneficiary of the security did not justify the involvement of garantie.Dans the second hypothesis, the independence from the base contract is mitigated by the introduction a suspicion of accessory. And the guarantor on request of the recipient must immediately pay the amount of the sum stipulated in the letter issued. The only case in which the guarantor may withhold payment is when the absence of a beneficiary's right appears.
2. The consequences of paying : if he pays the amount due, the guarantor may be indemnified by the principal (Principal). When the bank-guarantor cons settled the amount of security can be turned against his client by debiting the payer's account of the amount paid.
3. Extinction: The warranty goes out by the causes common law. CK.