Multiple choice

Which of the following is incorrect?

  1. The legal implication of the bank guarantee and letter of credit are the same.

  2. Bank guarantee can also take the shape of performance bond.

  3. Certification of breach is not enough in terms of bank guarantee.

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

(3) Certification of breach is enough in terms of bank guarantee.