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Explicitly use the word "breach" or the specific terminology outlined in the guarantee’s text.
investigate if the statement is true. They only check that the statement is and matches the required wording. Documentary Credit World The "Trap" for the Unwary
: Under older rules (or without URDG 758), a beneficiary might call a guarantee just by saying "Pay me." Article 15(a) forces the beneficiary to put their reason for the claim in writing. The Default Rule : This requirement applies automatically
One might ask: If a demand guarantee is "independent" of the underlying contract, why must the beneficiary mention a breach at all?
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