··· lezzter Preis 44.10 ··· 9783847323075 ··· 1036199798 ··· In construction contracts, a `performance bond` is a bond taken out by the contractor, for the benefit of and at the request of the employer, in the event of the contractor`s default, repudiation or insolvency. There are two types of performance bonds: Conditional bond or default bond, whereby the surety accepts `joint and several` responsibility for the performance of the contractor`s obligations under the contract and Unconditional bond or on-demand bond, which is a covenant by the surety to indemnify the employer following contractor`s default, subject to stated terms and up to a sum commonly 5% of the main contract sum. However, in Malaysia, the question of whether the performance bond in a construction contract is a conditional or an unconditional guarantees is one of the issues relating to performance bond that has been discussed. Thus, in order to determine the types of performance bond applicable in a contract, a thorough understanding of the content of the bond is required. Therefore, the objective of this research is to determine the phrase(s) in the Performance Bond in a construction contract that determine whether the performance bond is a conditional or unconditional. Hersteller: LAP Lambert Academic Publishing Marke: LAP Lambert Academic Publishing EAN: 9783847323075 Kat: Hardcover/Ratgeber/Recht, Beruf, Finanzen/sonstiges Recht Lieferzeit: Print on Demand Versandkosten: Ab 20¤ Versandkostenfrei in Deutschland Icon: https://www.inforius-bilder.de/bild/?I=mcuaop9w6%2BdJx5qVylnSYgtlO0f7I%2FIXvpuyfZKnqGg%3D Bild:
Affiliate Marketing
AdHoc MeldungenAffiliate & PublisherAdvertiser & MerchantAcademyAntwortenArtikelsucheAdventskalender
AffilitivProduktdatenPreisvergleich
