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What is the difference between performance bond and bank guarantee in International Trade?
If the bank issues a guarantee, the contractual arrangement between the parties is trilateral, whereby the bank undertakes a secondary obligation to guarantee that B will perform its contractual obligations to A. Therefore, any defences available to B are also available to the bank, and A must prove that B has invalidly failed to perform its contractual obligations. In such a case, depending on the nature of the guarantee, A can have recourse against the bank: (a) in damages, for a breach of the bank's obligation to ensure B's performance; or (b) requiring it to step into B's shoes and pay the amount owed by B on the satisfaction of any notice or demand requirements contained in the guarantee. To the contrary, when the bank issues a performance bond, there are two independent bilateral arrangements in place: one between A and B, and the other between A and the bank. By virtue of the performance bond, the bank is obliged to pay A the secured amount if certain notice/demand conditions are satisfied, irrespective of whether any payment is due from B to A under the primary contractual arrangement. Therefore, whether a given transaction involves a guarantee or a performance bond depends on the relative bargaining strengths of the parties, and the difference assumes great significance in cases where there is a dispute between A and B as to the existence of the primary payment obligation. It was one such case which was recently considered by the English High Court in Wuhan Guoyu v Emporiki Bank of Greece [2012] EWHC 1715 (Comm).
Why in India agriculture is a primary activity?
In India agriculture is a primary activity because of the following reasons:- (a) as the soil of India is too fertile many types of crops can be grown each year. (b) 66.66% of Indian population depend upon agriculture (c) large amount of food is required to fulfill the needs of Indian population.
What sector of the economy is BP in?
I'll have to make a few assumptions here: A. BP is British Petroleum; B. BP drills for oil in Country ABC; and C. BP sells oil to Country XYZ. In this scenario the oil BP sells in ABC is listed as an export product. If specific to oil and not oil products or gas, then it's Oil under exports.
What is the formula for discriminant?
D*d=b*b-4ac
What is the derivation of the Multiplier under the simple Keynesian Model?
Y=C+I C=C°+bY I=I° Y=C°+bY+I° Y-bY=C°+I° Y(1-b)=C°+I° Y=(C°+I°)/(1-b) Y+ΔY = (C°+I°+ΔI;ΔC)/(1-b) Y+ΔY = (C°+I°)/(1-b) + ΔI;ΔC/(1-b) = Y + ΔI;ΔC/(1-b) ΔY=ΔI;ΔC/(1-b) ΔY/ΔI;ΔC=1/(1-b) ΔY/ΔI=1/(1-b) ΔY/ΔC=1/(1-b)
What is it called when a protein folds back onto itself?
a. tertiary structure b. primary structure c. secondary structure d. tertiary structure pick your best answer
What category would a mouse fall into on the energy pyramid A primary consumer B primary producer C secondary consumer D tertiary consumer?
A mouse is a primary consumer.
When you eat a hamburger you are the a decomposer b producer c primary consumer d secondary consumer e tertiary consumer?
When you eat a hamburger, you are a secondary consumer. As a secondary consumer, you are consuming meat from an animal that ate plants (primary consumer) or other animals (secondary consumers) in the food chain.
What are the four structure levels of a protein?
The four levels of protein are: 1) Primary Structure 2) Secondary Structure 3) Tertiary Structure 4) Quaternary Structure The primary structure is just the amino acids bonded to each other in a linear fashion. Secondary structure is where the alpha-helices, beta-sheets, and b-turns come into play. The tertiary structure is when a single amino acid chain forms a 3D structure. And lastly, the quaternary stuture is when 2 or more tertiary structures complex.
What is a list of tertiary colours?
Tertiary colors are the result of mixing one primary color with one secondary color. Common tertiary colors include vermilion (red-orange), chartreuse (yellow-green), teal (blue-green), and magenta (red-purple).
Is the statue of octavian Augustus from 30 B C a secondary or primary source?
what
Lymph Nodules can be either Primary Nodules or Secondary Nodules?
Yes, primary nodules don't have germinal centers(active B cells) while secondary nodules do.
What does secondary research mean in b and e?
Research prior to the primary research used in the project.
What level of protein structure is stablized by covalent bonds?
The primary structure of a protein is stabilized by covalent bonds, specifically peptide bonds that link amino acids together in a linear chain. This primary structure sets the foundation for higher levels of protein structure such as secondary, tertiary, and quaternary structures.
Code P0352 for 1999 Ford Expedition?
P0352 Ignition Coil B Primary/Secondary Circuit Malfunction
How do you fix P0352 ignition coil B primary secondary circuit malfunction?
Replace the ignition coil(s).
Animals that feed on plant eaters are no lower than what?
Animals that feed on plant eaters are no lower than secondary consumers in the food chain. They are usually referred to as tertiary consumers, which are organisms that consume primary consumers (plant eaters).
