Beneficiary Fraud and Demand Guarantees
It is settled in South African and English law that for the fraud exception to apply to demand guarantees or letters of credit the fraud must have been committed by the beneficiary (or his agent with the beneficiary's knowledge) and not by a third party. Even where the fraud relates to a forge...
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| Format: | Article |
| Language: | Afrikaans |
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North-West University
2022-10-01
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| Series: | Potchefstroom Electronic Law Journal |
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| Online Access: | https://perjournal.co.za/article/view/14062 |