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Law of Pledges, Guarantees & Letters of Credit 5ed, 2003 + ebook  $389.50 

By Dr Poh Chu Chai

This new work traces all the significant development in the law of pledges, guarantees and letters of credit since the completion of the previous edition in August 1998 which includes the newly developed principle of unconscionability.

Developments of the law is presented first with a detailed overview of the law to date followed by in-depth study of the principles governing the area.

Like the previous edition, the author has once again adopted a clear and precise approach when commenting on the principles that have enunciated from these cases.  Extracts of judgements are included to provide a more accurate understanding of the legal principles in the law of pledges, guarantees and letters of credit.

It serves as an authoritative text and tool for all in the field of banking.


  • Takes into account the developments in the law since the previous edition in August 1998.
  • Text strengthened by not only of new cases but also cases not previously dealt with.
  • Highlights and discusses the recently enacted Contracts (Rights of Third Parties) Act (Cap 53B).
  • Discusses recently developed principle of unconscionability as constituting a ground, apart from fraud, for restraining a beneficiary from calling for payment under a performance bond or guarantee.
  • New developments in letters of credit on documents made by photocopiers and computers and the tortuous liability of persons who create documents for presentation under letters of credit.


Chapter 1 - Pledges

Chapter 2 - Life Assurance Policies as Security

Chapter 3 - Legal Nature of a Guarantee

Chapter 4 - Consideration for a Guarantee

Chapter 5 - Vitiating Factors in a Guarantee

Chapter 6 - Undue Influence

Chapter 7- Matters Affecting Guarantor's Interests

Chapter 8 - Joint and Several Guarantee

Chapter 9 - Some Common Terms in Guarantees

Chapter 10 - Enforcement of Guarantee

Chapter 11 - Guarantor and Creditor

Chapter 12 - Security Provided by Principal Debtor

Chapter 13 - Guarantor and Principal Debtor

Chapter 14 - Rights Between Guarantors

Chapter 15 - Performance Bonds

Chapter 16 - Letters of Credit

Chapter 17 - Buyer and Seller

Chapter 18 - Buyer and the Issuing Bank

Chapter 19 - Seller and the Intermediary Bank

Chapter 20 - Issuing and Intermediary Banks

Chapter 21 - Tender of Documents


Publisher:  LexisNexis
ISBN/ISSN:  981236322X
Binding:  Hardcover + ebook
Pages:  1350

All prices are in SingDollars. Prices are subject to change without prior notice. Overseas' orders, please email, fax or call us for packing & postage charges unless otherwise stated.
This product was added to our catalog on Tuesday 10 June, 2008.
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