Search results
Results from the WOW.Com Content Network
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]
The other 18 circuits each contain between two and 12 counties. The circuit court has general jurisdiction and can decide, with few exceptions, any kind of case. The exceptions are redistricting of the Illinois General Assembly and the ability of the governor of Illinois to serve or resume office.
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.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Under the Constitution of Illinois, the attorney general is the state's chief legal officer, and has the powers and duties prescribed by law.The attorney general's duties include advocating for the people of Illinois, working with the General Assembly to push for new legislation, and litigating to ensure that state laws are followed. [3]
Litigation was filed in federal court challenging the law shortly after it was enacted with final judgement in the Southern District of Illinois federal court issued Nov. 8.
(The exceptions are redistricting of the Illinois General Assembly and the ability of the governor of Illinois to serve or resume office.) The circuit court also shares jurisdiction with the Supreme Court of Illinois (the state supreme court) to hear cases relating to revenue, mandamus, prohibition, and habeas corpus. However, if the supreme ...
The Government of Illinois, under Illinois' Constitution, has three branches of government: Executive, Legislative, and Judicial. The State's executive branch is split into several statewide elected offices, with the Governor as chief executive and head of state, and has numerous departments, agencies, boards and commissions.