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The demand guarantee bridges the "gap of distrust" that exists between the parties. When the bank issues the demand guarantee, the beneficiary deals with a party whose financial strength he can trust and a party which would pay upon first demand regardless of an existing dispute between the parties on the performance of the underlying contract. [5]
Hence, every newborn's rights are split between those held by the flesh-and-blood baby and the corporate shell account. [1] One argument used by proponents of the strawman theory is based on a misinterpretation of the term capitis deminutio, used in ancient Roman law for the extinguishment of a person's former legal capacity.
Illinois v. Hemi Group, LLC, 622 F.3d 754 (7th Cir. 2010), was a personal jurisdiction case in which the United States Court of Appeals for the Seventh Circuit affirmed the United States District Court for the Central District of Illinois' ruling finding personal jurisdiction based on Internet transactions.
Illinois Reports is the official reporter of the Illinois Supreme Court and the Illinois Appellate Courts. It is published by Thomson Reuters , under contract with the Illinois Supreme Court Reporter of Decisions .
Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.
The Institute of International Banking Law & Practice is a non-profit American educational and research organization that studies banking law and practice. [1] It was founded in 1987. The institute's efforts to harmonize international law and practice have resulted in the ISP98 (International Standby Practices) and ICLOCA (International Center ...
Liberty Counsel is a 501(c)(3) [2] Christian ministry [5] that engages in strategic litigation [6] to promote evangelical Christian values. [7] Liberty Counsel was founded in 1989 [1] by its chairman Mathew Staver and its president Anita L. Staver, who are attorneys and married to each other.
A series limited liability company, commonly known as a series LLC, protected cell company, segregated account company, or segregated portfolio company, and sometimes abbreviated as SLLC, is a form of a limited liability company that provides liability protection across multiple "series" each of which is theoretically protected from liabilities arising from the other series.