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Post by anenro on Apr 4, 2021 18:30:47 GMT 4
I have a question.
Is a 2% bond an obligation for a buyer or seller to purchase in order to engage itself in a purchase or sale of an asset (under a contract)?
I ask because I am under the opinion that a performance bond (2% guaranteeing performance on a contract), is an option and not an obligation.
Anyone out there with knowledge about ICC rules, regarding this issue?
Thank you.
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Post by Sapphire Capital on Apr 5, 2021 10:00:39 GMT 4
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Post by anenro on Apr 5, 2021 20:05:27 GMT 4
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