Bank Gurantee

This query is : Resolved 

01 November 2010 where from can i get the information about bank gurantee ?

01 November 2010 Bank guarantee means that the bank opens a written certificate to the beneficiary at the consignor's request. As the guarantor, bank has the responsibilities to handle the debt or obligations instead of the consignor. The rights and obligations of both parties would be prescribed by the contract.

For more information click on:-
https://www.caclubindia.com/articles/bank-guarantee--2631.asp


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