Question: 4) Refer to HITF Ch3 p96 performance bond example to answer the following questions: a) Who is the principal? b) Who is the beneficiary? c)
Direct guarantees (Alt A) or guarantees forwarded via an advising bank (Alt B) Alt B ndirect guarantees (issued by local banks) Beneficiary Contract
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
