单词 | Performance undertaking |
释义 | 履約承諾 In relation to a building contract, a form of security generally used by a party which is a corporation and is a subsidiary of, or is related to, another corporation. The parent corporation guarantees the subsidiary corporation’s performance under the contract, if default occurs. Another example is where directors of a company are required to personally guarantee the company’s performance: Roux v Langtree [1985] VR 799, (1986) 2 BCL 178. To be distinguished from an unconditional undertaking: performance undertaking is linked to performance, but an unconditional undertaking is not. A guarantee for the repayment of an advance payment is not a performance guarantee: Mercers Co v New Hampshire Insurance Co [1992] 3 All ER 57. Also known as ‘performance guarantee’. See also Building contract; Guarantee; Performance bond; Security; Subsidiary; Undertaking. 就建築合約而言,指法團與另一有關連法團或為其附屬公司通用的擔保形式。母公司保證在其附屬公司出現毀約行為時,承諾有關的合約責任。另一例子是,公司董事須為公司表現作出個人擔保:Roux v Langtree [1985] VR 799, (1986) 2 BCL 178 。以別於無條件承諾; 履約承諾是與履行互相關聯的,而無條件承諾則不然。 償還預付款項的擔保便不是履約承諾:Mercers Co v New Hampshire Insurance Co [1992] 3 All ER 57。另稱 「履約擔保」。另見 Building contract; Guarantee; Performance bond; Security; Subsidiary; Undertaking。 |
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