In which of the following situations can a bank issuing a Bank Guarantee may withhold payment of the Guarantee invoked

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Q 1517501489.     In which of the following situations can a bank issuing a Bank Guarantee may withhold payment of the Guarantee invoked by the beneficiary?



A

when it is not satisfied that there was default on the part of the party because of which the beneficiary suffered

B

bank can withhold payment of the guarantee upon being served an injunction by the Court restraining payment under the guarantee

C

there is no provision for withholding payment of a Bank Guarantee when invoked

D

All of the above

E

None of the above

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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