Enquiring knowledgeable people Inquisitive education Hospital Treasury

Difference between guarantee and guarantee

home page

Difference between guarantee and guarantee


        

Submit answer
Favorable reply
  • 2024-06-16 05:00:54

    Security refers to the limited support and support of interactive dynamics in a sense between social members, such as: basic survival, basic life, basic medical care, employment, unemployment, periodic free compulsory education, basic old-age care, living conditions, safe, reasonable, just freedom of speech, etc. Guarantee refers to a guarantee made by a third party other than the debtor to the creditor for the debtor's performance of the debt. It is a typical PICC and a typical agreed guarantee.

    Legal basis

    Article 392 of the Civil Code of the People's Republic of China [Rules for the Implementation of the Security Right when the People's Insurance and the Property Security coexist] If the secured creditor's right is guaranteed by both the property and the person, the debtor fails to pay the due debt or the parties agree to realize the security interest, the creditor shall realize the creditor's right as agreed; Where there is no agreement or the agreement is not clear, and the debtor provides the security of the property itself, the creditor shall first realize the creditor's rights with respect to the security of the property; Where a third person provides a material guarantee, the creditor may realize the creditor's rights with respect to the material guarantee, or may request the guarantor to assume the guarantee liability. The third party providing the guarantee shall, after assuming the guarantee liability, have the right of recourse against the debtor.

  • other Relevant knowledge

  • law

Related recommendations

Loading
Latest Q&A Recommendation Hot topics Hot spot recommendation
  • 1-20
  • 21-40
  • 41-60
  • 61-80
  • 81-100
  • 101-120
  • 121-140
  • 141-160
  • 161-180
  • 181-200
  • 1-20
  • 21-40
  • 41-60
  • 61-80
  • 81-100
  • 101-120
  • 121-140
  • 141-160
  • 161-180
  • 181-200
  • 1-20
  • 21-40
  • 41-60
  • 61-80
  • 81-100
  • 101-120
  • 121-140
  • 141-160
  • 161-180
  • 181-200
  • 1-20
  • 21-40
  • 41-60
  • 61-80
  • 81-100
  • 101-120
  • 121-140
  • 141-160
  • 161-180
  • 181-200
return
Top
help opinion
feedback

Confirm to report this problem

Reason for reporting (required):