Refusal of Calling Due to Dispute over Underlying Contract

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This Skill Bit shows that bank disputes over the original contract (e.g., quality of goods, contract interpretation) can freeze a bank guarantee. Both parties should seek legal help to resolve the underlying dispute before the bank honors the guarantee. Careful contract review and legal advice upfront can avoid these issues.

Duration approx. 2 Min.

Tier: proficiency

A part of Calling Bank Guarantees: Safeguarding Financial and Legal Interests course.

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