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The duty to explain a guarantee by the bank: an ephemeral concept?

Journal Article


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Abstract


  • This article looks at the feasibility of imposing a duty on the lender to explain the

    meaning and effect of a guarantee to the prospective guarantor (to reduce the

    information asymmetry) - a concept which has traditionally been resisted by the

    common law. It takes a comparative approach and includes perspectives from

    English, Australian and New Zealand jurisdictions.

Publication Date


  • 2012

Citation


  • C. YC. Chew, ''The duty to explain a guarantee by the bank: an ephemeral concept?'' (2012) 27 (10) Butterworths Journal of International Banking and Financial Law 620-623.

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1657&context=lawpapers

Ro Metadata Url


  • http://ro.uow.edu.au/lawpapers/645

Number Of Pages


  • 3

Start Page


  • 620

End Page


  • 623

Volume


  • 27

Issue


  • 10

Place Of Publication


  • United Kingdom

Abstract


  • This article looks at the feasibility of imposing a duty on the lender to explain the

    meaning and effect of a guarantee to the prospective guarantor (to reduce the

    information asymmetry) - a concept which has traditionally been resisted by the

    common law. It takes a comparative approach and includes perspectives from

    English, Australian and New Zealand jurisdictions.

Publication Date


  • 2012

Citation


  • C. YC. Chew, ''The duty to explain a guarantee by the bank: an ephemeral concept?'' (2012) 27 (10) Butterworths Journal of International Banking and Financial Law 620-623.

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1657&context=lawpapers

Ro Metadata Url


  • http://ro.uow.edu.au/lawpapers/645

Number Of Pages


  • 3

Start Page


  • 620

End Page


  • 623

Volume


  • 27

Issue


  • 10

Place Of Publication


  • United Kingdom