港信服务

2024/11/20


   Chinese guarantee refers to a legal system that uses the credit or specific property of the debtor or a third party to urge the debtor to fulfill its obligations in order to ensure that specific creditors can realize their rights. Guarantee activities should follow the principles of equality, voluntariness, fairness, honesty and credibility.

The guarantee in the Guarantee Law, also known as debt guarantee, debt guarantee, or debt guarantee, is a comprehensive concept with rich connotations and extensive extensions.
It is a commitment and a constraint on the actions of the guarantor and the guarantor. Guarantee generally occurs in economic activities. If the guarantor fails to fulfill the promise at that time, the guarantor is usually responsible for fulfilling the promise on behalf of the guarantor. Guarantees generally include verbal guarantees and written guarantees.
In civil law, it refers to actions such as guarantees and mortgages taken to safeguard the realization of creditor's rights. If Party A borrows money from a bank, Party B provides guarantee to ensure that Party A fulfills its repayment obligations within the prescribed period. If Party A fails to fulfill its obligations, Party B will fulfill them. The guarantee in the Criminal Procedure Law provides certain guarantees for release on bail pending trial, medical parole, etc.





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