Posted by admin - Comments Off
For guarantees provided by an American parent for a US-based subsidiary it should be a trivial exercise to determine enforceability. Standard contracts exist and have been tested through the courts. This is more of an issue when guarantees are cross-border. A guarantee made by a US multinational corporation on behalf of a subsidiary incorporated in » Read More
Posted by admin - Comments Off
We noted that information is costly to acquire. Asking family and friends, searching through magazines such as Consumer Reports, and contacting your local Better Business Bureau are all ways of gathering information about products and potential sellers. The time and effort consumers spend acquiring information will be directly related to the value derived from it. » Read More
Posted by admin - Comments Off
Most corporate guarantees are made by parent companies on behalf of subsidiaries or associates. Occasionally a large company may provide such a guarantee for a company that has no direct affiliation, an example might be a small, independent but strategic supplier. If the guarantor is the company’s major customer it is in an excellent position » Read More